HAR.com
Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
NOV
14
HOUSTON HOME SALES INCREASE IN OCTOBER - OVERALL INVENTORY REMAINS LOW - PENDING SALES REMAIN HIGH
By Tom Plant



Tom D Plant 739 Cortlandt

HAR is expected to release the official October statistics next week. The number of homes sold will be very near 12% higher than October 2008.

The number of homes currently on the market through Houston's MLS is approximately 27,600 homes, the lowest for this time of year since November 2003. Historically, the number of homes on the market begins to decline in October or November. It will be interesting to see if inventory declines in December and January. With the number of pending sales remaining high, if inventory declines further and demand continues to increase slowly, we could see a strong Sellers' Market in the under $500,000 priced homes late in the first quarter of 2010. The offset to this may be that more home owners will gain confidence in the market and place their homes on the market.

I will watch the trends and report on this blog as they begin to unfold. Keep checking back.
Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®

Post a comment...

To post a comment on this blog post, you must be a My HomeFinder subscriber, or a member of HAR. If you are a My HomeFinder subscriber, please use your e-mail address and password to post your comment. If you are a member of HAR, please use your HAR username and password to post your comment. If you would like to create a My HomeFinder account, please click here.

Here are the full legal terms you agree to by using this comment form.

View other posts from Tom Plant's Houston Real Estate Blog

About Author

Tom Plant

Tom Plant's Houston Real Estate Blog
Visit My Blog
Visit My Web Site
Follow Me@tomdplantYouTube ChannelView Housing TrendsView My Profile


Client Experience Rating
4.97/5.0
Based on 19 Surveys out of 50 Transactions View Rating Detail

About Me
"With me Real Estate is all Business" Thank you for visiting Tomplant.com. Whether you are buying a home, selling a home or wanting to learn more about Houston real estate, you will find information designed for you. If this is the first time you have purchased or sold a home in the State of Texa...
Read More...

Greenwood King Properties - Kirby Office
3201 Kirby Dr
Houston, TX 77098
Phone: (713) 524-0888
Fax: (713) 524-9835



HAR Member Blogs Terms of Use & Content Policy