Erica Wetherell, Realtor

July Market Update 📈 💫

As the temperatures climbed this Summer, the Houston housing market experienced a cooldown with home sales below 2023 levels for the second month in a row. This slowdown coincided with an increase in available homes, offering more options for prospective buyers.

Single-family home sales across the Greater Houston area declined 11.6 percent year-over-year, according to the Houston Association of Realtors’ (HAR) June 2024 Market Update. The Houston Multiple Listing Service (MLS) recorded sales of 7,718 units compared to 8,729 last Summer. Months supply of homes climbed from 3.0 to 4.3, which is the highest in more than a decade!

Swipe for the specifics ➡️
And remember, real estate is hyper local so if you have any questions, always feel free to reach out!

Source: HAR 🏡
Want to read the full report? Link in bio ⬆️

Happy Monday! 🌷

I hope this week is off to a great start as we get back into the swing of things from the craziness of last week (and I hope you have electricity by now!!) If you have post-hurricane questions about your home or property, feel free to send me a DM ☎️

Happy 4th of July! 🎆🇺🇸 Have a safe, fun holiday!

May Market Update 📈 💫

While severe weather and resulting power outages caused a delay in some closings across the city, the Houston market continued to see strong activity with expanding inventory and persistent consumer demand.

MLS recorded sales of 8,538 units compared to 8,664 last May. Months supply of homes climbed from 2.7 to 4.0, which is the highest since August 2019 when there was a 4.1-months supply.

The high end of the market saw the strongest performance in May (home sales in the luxury segment, $1 million+). That was followed by the segment that consisted of homes priced between $500,000 and $1 million which rose 6.8 percent year-over-year. All other housing segments experienced a slowdown in sales last month.

The average price of a single-family home reached an all-time high in May of $443,970, topping the previous record in May 2022 when it reached $438,350. The average home price was up 3.6 percent year-over-year. The median price increased 1.5 percent to $345,000.

Source: HAR 🏡
Want to read the full report? Link in bio ⬆️

This regal Spanish-inspired estate on a coveted half acre corner lot in Tanglewood beckons you home! The most lavish entertainment happens here, with a fabulous Dining Room, open Kitchen and Family Room, and an indoor/outdoor room complete w/ additional Kitchen, fireplace & grill. The interior blends seamlessly with the outdoors through the aluminum clad accordion doors which lead to the sparkling pool with waterfall feature. Up the grand marble staircase you’ll find a stunning Owner’s Retreat where you’ll enjoy a sitting area, fireplace, morning bar, and opulent spa-like Ensuite, plus four secondary bedrooms w/ Ensuites, a fabulous game room w/ wet bar, and a media room.

5930 Green Tree Road 🏡💫
6 Beds | 7 FB 3 HB | 9320 SqFt | $4,850,000

Swipe for a peek! Link to full listing details in bio ^

A common question when considering to make improvements is what types of renovations wield the biggest ROI - here are the some upgrades that can truly make a difference! 🛠️✨🏡

Fresh Paint: Update your interior with a fresh coat of paint. This is one of the easiest (and least expensive!) ways to breathe fresh air into your home.

Curb Appeal: First impressions matter! Boost your home’s curb appeal with a fresh coat of paint, a well-maintained lawn, and attractive landscaping. A welcoming exterior not only increases your home’s value but also makes it more appealing to potential buyers.

Kitchen: A well-designed kitchen can steal the show. Whether it’s adding sleek countertops, modern appliances, or a beautiful backsplash, transforming your kitchen not only enhances daily life but also adds significant value to your home.

Bathroom(s): Create your own oasis at home. Upgrading bathrooms with luxurious fixtures, elegant tiles, and functional storage can provide a serene retreat. Plus, it’s a smart investment with a high return.

Invest wisely and watch your home’s value soar! Which renovation project are you most excited about? Share your thoughts below! 💬

A salute to all who’ve made the ultimate sacrifice for their country this Memorial Day. We honor and remember you 🇺🇸✨

This custom masterpiece with multiple terraces seamlessly integrates interior and exterior living spaces, carefully curated with a nod to Mid-Century modern design. Would you believe this is just a couple of minutes walk from Highland Village? It feels so privately tucked in nature 🌳🪷💫

Listed by

Happy Mother’s Day to all the moms 💐🤍

Did you know that Compass is the #1 visited real estate website? 🎉 Here’s why Compass is your client’s go-to hub for all things real estate:

1️⃣ Comprehensive Listings: The platform offers a wide range of properties, from cozy condos to luxurious estates, all at your fingertips.

2️⃣ Expert Insights: Gain valuable insights and guidance from industry experts to make informed decisions about buying or selling your home.

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Millions of visitors who trust Compass for their real estate needs. If you’re considering buying or selling, check out Compass.com! 🏠💼 Swipe to see the stats ➡️

Happy Earth Day from these stunning earthy toned tiles 🌿🌎

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March Market Update 📈 💫

As the spring homebuying season got underway in March, the Greater Houston housing market continued to blossom with a robust inventory ready to meet impending demand. Active listings remained strong year-over-year amid the first sales decline of 2024. 🏡🌸

According to the Houston Association of Realtors’ (HAR) March 2024 Market Update, the Houston area saw a 7.5 percent dip in single-family home sales compared to last March. The Houston Multiple Listing Service (MLS) recorded sales of 7,334 units compared to 7,926 in March 2023. Months supply of homes climbed from 2.6 to 3.5, matching a level last seen in October and November 2023.

Swipe to see the specifics ➡️ 🏡📈

Source: HAR
Want to read the full report? Link in bio ⬆️