28 Mar HOUSTON HOUSING IS OFF THE CHARTS! YAY HOUSTON!
According to the Houston Association of Realtors, the Houston Market saw a 16% increase in home sales in January when compared to the same month last year. The local housing supply is at just 3.6 months! This is at the same level of Janurary and at the lowest level since 1999.
February also marked the 21st consecutive month of increased home sales. The average home price jumped 10% to more than $220,000. Our Median price rose 8% to about $162,000.
Total dollar volume was up 26.5% to 1.1 billion dollars versus 887 million a year earlier.
The market is back! Home sellers are selling their home faster and for more money – period.