From the latest MLS press release: "Houston homes continued to sell at an unprecedented pace in November, plunging the supply of available properties to levels last seen 12 years ago. The added demand sent average and median home prices to historic highs for a November in Houston.

According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), single-family home sales achieved the second highest monthly year-over-year percentage increase of 2012, rising 27.3 percent compared to November 2011. This marks the Houston area's 18th consecutive month of positive sales. Contracts closed on 4,978 homes, driving inventory down to 4.1 months, a level last observed in December 2000."

Find the press release here.  http://rem.ax/UaONer