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People ask me every day how the market is doing, so I'm sharing some highlights from HAR. You can see it's not all doom and gloom for us. Prices are climbing, sales volume is increasing, inventory is decreasing, and more leases are closing. It is time to get off the fence!
Houston Real Estate Milestones in May
At $213,474, the average price of a single-family home reached its highest level since August 2008;
At $157,450, the median price of a single-family home rose to the highest level since August 2008;
Volume of single-family home sales reached the highest level of 2009;
Volume of townhouse/condominium sales reached the highest level of 2009;
Single-family home rentals rose 0.1 percent while rentals of townhouse and condominium units increased 6.2 percent;
Month’s inventory of single-family homes dipped from 6.5 to 6.2 months compared to the national average of 10.2 months;
Active listings fell 15.1 percent, representing a generally balanced supply of housing inventory.
I'm never too busy for your referrals!
