APRIL2019 Houston Metro · data and research covering more than 450 markets at Zillow Real Estate...
2
www.zillow.com/research/ APRIL2019 Houston Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Houston Home Values Current: $205,600 Monthly Change: -0.3% Quarterly Change: 0% Annual Change: 4.6% Negative Equity*: % Home Values Forecast (next 12 months) National: 2.8% Houston Metro: 1.6% Major Cities - Home Values Houston Current: $186,000 Monthly Change: -0.6% Annual Change: 5.4% Spring Current: $193,400 Monthly Change: -0.3% Annual Change: 4% Sugar Land Current: $306,400 Monthly Change: 0% Annual Change: 2.2% Cypress Current: $252,700 Monthly Change: -0.3% Annual Change: 2.2% Conroe Current: $209,000 Monthly Change: -0.4% Annual Change: 2.6% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -2.0% -1.9% - -0.3% 0.1% - 3.1% 3.2% - 5.4% 5.5% - 8.3% 8.4% - 13.3% 13.4% - 20.7% Home Values (ZHVI) Increasing Values: –% Decreasing Values: –% Fall From Peak: -0.4% Peak ZHVI Date: 2019-02 Peak ZHVI: $206,400 Rent Zillow Rent Index: $1,585 Monthly Change: 0.1% Annual Change: 2.3% Rent List Price: $1,620 Rent List/Sq. Ft.: $1 Sales Median Sale Price: $– Monthly Change: –% Annual Change: –% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $294,900 Monthly Change: 1.7% Annual Change: -1.4% List Price/Sq. Ft.: $123 Listings with Price Cut: 17.7% Amount of Price Cut: 2.5% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: –% Monthly Change: –pp Annual Change: –pp How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below. * Negative equity data is from 2018Q2.
Transcript of APRIL2019 Houston Metro · data and research covering more than 450 markets at Zillow Real Estate...
www.zillow.com/research/
APRIL2019 Houston Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Houston Home Values
Current: $205,600Monthly Change: -0.3%Quarterly Change: 0%Annual Change: 4.6%Negative Equity*: %
Home Values Forecast
(next 12 months)
National: 2.8%Houston Metro: 1.6%
Major Cities - Home Values
HoustonCurrent: $186,000Monthly Change: -0.6%Annual Change: 5.4%
SpringCurrent: $193,400Monthly Change: -0.3%Annual Change: 4%
Sugar LandCurrent: $306,400Monthly Change: 0%Annual Change: 2.2%
CypressCurrent: $252,700Monthly Change: -0.3%Annual Change: 2.2%
ConroeCurrent: $209,000Monthly Change: -0.4%Annual Change: 2.6%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-2.0% -1.9% - -0.3% 0.1% - 3.1% 3.2% - 5.4% 5.5% - 8.3% 8.4% - 13.3% 13.4% - 20.7%
Home Values (ZHVI)Increasing Values: –%Decreasing Values: –%Fall From Peak: -0.4%Peak ZHVI Date: 2019-02Peak ZHVI: $206,400
RentZillow Rent Index: $1,585Monthly Change: 0.1%Annual Change: 2.3%
Rent List Price: $1,620Rent List/Sq. Ft.: $1
SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $294,900Monthly Change: 1.7%Annual Change: -1.4%
List Price/Sq. Ft.: $123Listings with Price Cut: 17.7%Amount of Price Cut: 2.5%
ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –
Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)
Atascocita 212,400 -0.5 0 2.4 1,665 0.2 0 0.1 0.4Baytown 151,000 -0.6 0.6 4.3 1,396 -0.1 -0.1 1.7 2.3Conroe 209,000 -0.4 -0.6 2.6 1,587 0.1 0.3 2.7 0Cypress 252,700 -0.3 0.5 2.2 1,787 0.2 0.4 1.7 1.1Friendswood 295,400 -0.2 0.7 4.1 2,018 0.3 -0.4 -1.9 3.1Galveston 207,500 -1.3 -1.5 7 1,504 0.2 0.1 1.2 0.4Houston 186,000 -0.6 0.1 5.4 1,455 0.1 0.3 1.7 1.9Katy 248,500 -0.6 -0.9 0.1 1,654 0.4 0.9 1.1 -1.1La Porte 180,500 -0.7 -0.2 4 1,489 0.1 0.2 1.8 1.3League City 265,700 -0.1 0.8 5 1,968 0.3 0.4 0.7 2.1Missouri City 225,000 -0.8 -1.1 4.4 1,699 0.1 0.2 2 0.5Montgomery 269,000 -0.7 -1.2 -0.3 1,768 0.3 0.2 -1 -1.7Pasadena 149,500 -0.4 0.2 6.6 1,376 0 0.5 2.4 2.2Pearland 265,100 0.1 0.6 4.5 1,861 0.3 0.6 0.9 2.1Richmond 261,200 0 0.7 1.3 1,761 0.3 0.7 1.1 0.8Spring 193,400 -0.3 0.2 4 1,582 0.1 0.1 2.1 1.6Sugar Land 306,400 0 0.3 2.2 1,954 0.4 0.7 0.1 0.9Texas City 123,300 -0.9 -0.3 2.4 1,284 0.5 0.9 2.1 -0.1The Woodlands 338,900 0.3 0.2 4.8 2,241 0.2 0 -1.5 1.6Tomball 239,600 0 0.8 2.3 1,711 0.2 0.6 0.8 1.3
Largest Counties Covered by Zillow
Hom
eValues-ZHVI($)
ZHVIMoM
(%)
ZHVIQoQ
(%)
ZHVIYoY
(%)
ZHVIPeak($)
PeakMon
th
Change
from
Peak(%
)
Rents-ZRI($)
ZRIMoM
(%)
ZRIQoQ
(%)
ZRIYoY
(%)
ForecastYoY
(%)
NegativeEquity(%
)Austin County 207,800 -0.2 -0.4 6.3 1,446 -0.1 0.1 0.6 2Brazoria County 224,900 0.1 0.9 6.3 1,722 0.1 0.2 1.2 2.7Chambers County 234,800 0.3 1.2 14.8 1,537 -1.1 -2 0.8 8.1Fort Bend County 257,500 -0.2 0.2 2.1 1,776 0.3 0.7 1.4 0.7Galveston County 217,300 -0.6 0.4 8 1,593 0.1 0 -0.1 3.2Harris County 190,300 -0.4 0.4 4.8 1,515 0.2 0.4 1.4 2.1Montgomery County 241,700 -0.2 -0.3 1 1,704 0.2 0.1 0.5 -0.4Waller County 1,515 -0.5 -0.8 2.2
