According to the Houston Association of Realtors the Houston Market saw a 16% increase in home sales in January when compared to the same month last year. The local housing supply is at just 3.6 months! This is at the same level of Janurary and at the lowest level since 1999.
February also marked the 21st consecutive month of increased home sales. The average home price jumped 10% to more than $220,000. Our Median price rose 8% to about $162,000.
Total dollar volume was up 26.5% to 1.1 billion dollars versus 887 million a year earlier.
The market is back! Home sellers are selling their home faster and for more money - period.
The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments disclaim any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. All information is copywritten and the property of Greg Nino.
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