Houston housing market's active pace continues into spring
Posted by Trisha Dear
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Single-family home sales jumped 17 % year over year to 5,779, the largest one-month volume since August. Sales of all property types totaled 7,006, up 19.4 % from March 2012.
The median price for single-family homes set an all-time record for Houston, increasing 6.5% year over year to $172,000. The average price for single-family homes reached its second-highest level ever, $236,195, up 4.6 % from last year.
In Houston the total dollar volume for all properties sold last month jumped 23.6 % year over year to nearly $1.58 billion, and the only price category to experience a decrease in sales was the portion of homes less than $80,000. That decreased 17.1% from March 2012.
Looking Forward indicators continued to improve, as well. Total pending sales at the end of March were up 6.5 percent year over year, and active listings were down 22.1% from March 2012.
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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 HRIS.
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