Bellaire - Meyerland - West U Edition | July 2020

BELLAIRE MEYERLAND WEST UNIVERSITY EDITION

VOLUME 2, ISSUE 3  JULY 7AUG. 3, 2020

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Nowwhat?

Houston advocates, ocials debate new era for policing

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About 60,000 people attended a June 2 protest in downtown Houston, seeking justice for native Houstonian George Floyd. (Adriana Rezal/Community Impact Newspaper)

Here are a few key stats from the local real estate market showing COVID-19’s inuence: A MIXED BAG

2020 EDI T ION REAL ESTATE

“My people ran the gamut from being very very scared to not being frightened at all,” said Murray, the owner of Weichert Realtors-The Murray Group. “It was a rainbow of reactions. I was initially very concerned about my people.” Those initial weeks in mid-to-late March and early April, after Harris County Judge Lina Hidalgo and Gov. Greg Abbott issued separate stay-at-home orders, caused much uncertainty in the real estate industry when coupled with a crude oil price drop down to the mid-$20s per barrel. It was a reaction shared by other real estate agents,

The double whammy of a sharp drop in crude oil prices paired with an economic shutdown caused by COVID-19’s spread across Houston was nothing that Houston Realtor Wayne Murray had ever seen before. Oil drop, COVID19 rattle region’s housingmarket BY HUNTER MARROW Please join your friends and neighbors in support of Community Impact Newspaper ’s legacy of local, reliable reporting by making a contribution. Any amount matters. Together, we can continue to ensure our citizens stay informed and keep our local businesses thriving. Become a #CommunityPatron

51% DECLINE

3% INCREASE

in the number of homes sold in April- May versus last year, at 275 in 2019 vs. 135 in 2020.

in median average sale price in April-May versus last year, at $747,000 in 2019 versus $765,357 in 2020 .

3.5 MONTHS

supply of single-family homes available in the Houston market in May, down from 4.1 months a year ago .

SOURCE: HOUSTON ASSOCIATION OF REALTORS’ MULTIPLE LISTING SERVICECOMMUNITY IMPACT NEWSPAPER

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Houston ISD pursues District of Innovation status

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