According to the Houston Business Journal homes sales rose again for the third time this year. This is great news for the real estate market in general and even better news for buyers and sellers! Here are some details:
16.7% increase in July 2011
5,034 closings in July 2011
4,313 closings in July 2010
“It was a positive sweep for all of the months that start with “J,” as Houston showed increased sales in January, June and July. June posted more activity than July, with 5,570 homes sold.” -Houston Business Journal
Likely because of last year’s homebuyer tax credit, overall sales for the year are down 2.2%. So we won’t call it a market recovery yet but it is definitely a good sign.
To read the full article from the Houston Business Journal click here.
