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National housing trends outperformed by Houston real estate market during November

December 27th, 2012


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Once again, the Houston real estate market, which includes homes for sale in The Woodlands, proved to be one of the strongest markets in the United States, with a better housing trend that the rest of the country.

The national home sales, which includes, single-family homes, apartments, townhouses and co-ops, increased 5.9 percent from October to an annual pace of 5.04 million units, according to a report from the National Association of Realtors.

Meanwhile, as a result of the increased sales rate, property values appreciated 10.1 percent from November 2011 to a median price of $180,600, the report said.

Houston real estate continued to outperform national averages in November, even when these gains were significant. Last month, sales of single-family homes in The Woodlands and Houston increased 27.3 percent on an annual basis, increasing average local prices to $228,275, according to the Houston Association of Realtors.

While this could make the prospect of purchasing a home less affordable, fixed mortgage rates continue to hover near all-time lows, which could significantly offset rising of the prices of homes in Houston.

For more information about homes in Houston and The Woodlands, please call realtor Luis Tamborrel at (832) 482-9367.

Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.

Source: National Association of Realtors


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 Houston Association of REALTORS®

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The Woodlands Real Estate Blog brings you the latest news on new homes and resale homes in The Woodlands area, including Creekside Park plus updates on entertainment, community information and real estate information about The Woodlands and Houston.
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2201 Lake Woodlands Dr, The Woodlands, TX 77380   Get Directions
Phone: (281) 364-1588
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