Jay Thomas Real Estate Team

  Houston, Texas has long been known as a prime location for real estate investment. However, recent economic and social factors have sparked concerns about the state of the real estate market in this bustling city. As investors and homeowners alike wonder whether Houston's property values are on the decline, it begs the question: is it time to reconsider investing in Houston's housing market? In this blog post, we will examine current trends and take a closer look at what these mean for Houston's real estate sector & Houston area realtors, now and into the future. Current State of Real Estate Market in Houston, TX There is no doubt that the real estate market in Houston, TX is on the decline. According to data from the Houston Association of Realtors, home sales in the city declined by 7.6% in 2017 compared to 2016, and the median sales price also fell by 3.2%. This trend has continued into 2018, with sales falling by another 5.3% in the first quarter of the year compa