Houston Market UP again- November Data
December 18th, 2012
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If you want to invest in Houston, you better act quick. The market is coming back up in full swing. Here's the latest data, as of November 2012:
Houston Real Estate Milestones in November
- Single-family home sales increased 27.3 percent year-over-year, accounting for the market's 18th consecutive monthly increase;
- Total dollar volume jumped 41.2 percent, increasing from $926 million to $1.3 billion on a year-over-year basis;
- At $228,275, the single-family home average price reached the highest level for a November in Houston;
- At $167,000, the single-family home median price also reached an historic high for a November in Houston;
- 4.1 months inventory of single-family homes is the lowest level in 12 years (December 2000) and is lower than the national average of 5.4 months;
- Sales of townhouses/condominiums rose 39.6 percent year-over-year;
- Single-family home rentals rose 16.5 percent compared to November 2011 while townhouse/condominium rentals climbed 18.5 percent.
Click here for the full story: https://www.har.com/mls/dispPressRelease.cfm?MONTH=12&YEAR=12
Or, watch it on http://youtu.be/6fHdK_IYUM0
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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