your path to
Real Estate ownership.
South Haus Living was founded with a mission to provide each client individualized solutions that address three major categories of real estate ownership: residential purchases and sales, investment strategies and design.
We work exclusively with clients ranging from homeowners and builders to investors and developers. Through every interaction, we’re hyper-focused on delivering the best in service and partnership with loyalty, integrity and expertise.
Residential Real Estate
Planning to purchase a new home or looking to sell your property? Our team is here to achieve your goals, share our market expertise and help manage every step along the way.
Seeking value-creating investment opportunities? We’ll help you identify and secure multi and single-family residential assets suited for medium to long-term holds.
Have a renovation or design project on the horizon? Our team will provide the resources and design experts to achieve your vision.
Houston Real Estate February Snapshot
HOUSTON — (March 10, 2021) — Even with an arctic storm disrupting homeowners and closings, February still was a record-breaking month in home sales. In the latest press release from HAR (Multiple Listing Service of the Houston Association of REALTORS®), single-family home sales, total property sales, and total dollar volume all rose compared to February 2020.
At the top of the list, luxury homes (price $750k+) saw a 64.9% increase year over year (YOY). Followed by homes priced between $500k-$750k jumping 55.3% YOY.
Low Inventory and High Demand — Inventory (homes listed for sale) is down. Currently, there are shortages in almost all Houston markets creating supply and demand issues and pushing home prices up as buyers compete for homes.
Mortgages Rates — With interest rates still historically low, but slowly ticking up, we’ve seen fewer mortgage applications over the past month, but application demand was also due, in part, to severe weather in Texas.
We’re predicting there will still be strong demand from buyers as we move into the Spring season.
According to Freddie Mac, the 30-year fixed-rate average climbed to 3.02%. It was 2.97% a week earlier and 3.29% a year earlier.
Pending Sales — Pending sales increased by 11.6%.
Active Listings — Total active listings – or the total number of available properties – fell 37.9% as fewer new listings entered the market.
Days on Market (DOM) — It took less time to sell a home than it did one year ago. DOM fell from 68 to 48.
Inventory — With fewer new listings entering the market, inventory registered a record low 1.6-months supply compared to 3.3 months a year earlier.
Houston is a diverse market, depending on your specific neighborhood or area, market data will fluctuate.
Reach out if you’d like to know about what’s happening in your neighborhood or what your home value may look like in 2021.
*Source: Multiple Listing Service of the Houston Association of REALTORS® *
in February (compared to Feb 2020
in February (Compared to Feb. 2020)
in February (Compared to feb. 2020)
of inventory in February (compared to feb. 2020)