Real Estate in Houston Shows Postive Signs of Growth
Real Estate in Houston continues to improve based on the latest report from the Houston Association of Realtors. Total property sales climbed 14.1 percent in October on a year-over-year basis. Total months of inventory dipped from 6.3 months in October of 2008 to 6.1 months in October in 2009. Compared to a national average of 7.8 months, this definitely signals equilibrium in the Houston Real Estate Market. At $149,000, the median sales price for single-family homes rose for the sixth consecutive month, up 5.0% from October 2008. Finally, foreclosure sales have now dropped to only 18.6% of sales, down from a high of 34% in January. In conclusion, these numbers show signs of continued strength in the Housing market in Houston. For more information on homes or real estate in Houston, please feel free to contact Our First Nest Realty or visit our website at www.real-estate-houston.com or the Houston Association of Realtors website at www.har.com
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