Norhill Realty presents our 1^st Quarter Market Reportfor the Greater Houston area.  This report tracks several key neighborhoods within Greater Houston’s Inner Belt and breaks down the number of sales, median days on market, average sales price, and the months of inventory.  We then compare the 1^st Quarter figures with those of the same Quarter from the previous year.

In this report, it is evident that the number of home sales has improved from this time last year.  The rebounding economy, home-buyer tax credits, and low mortgage rates have encouraged buyers to enter the housing market.  As the economy continues to show signs of stability and improvement, we expect this trend to continue in 2010.  As demand for housing returns, this should help property values rebound and encourage more home owners to sell and upgrade to larger homes.