November marks another flourishing month for the housing industry in Houston, Texas. According to the Houston Association of Realtors, November 2012 is the 18^th consecutive month of positive home sales. The average price of a single-family home rose 10.5%, year-over-year, to $228,275—this is the highest level for a November month in Houston. In addition to increased pricing, Houston’s inventory dropped to 4.1 months compared to 6.2 months in 2011. This inventory drop is the lowest level recorded since December 2000 is lower than the national inventory average of 5.4 months.

From the foregoing, it is clear the housing industry in Houston is thriving and will likely continue to do so.

Read the complete press release from the Houston Association of Realtors here!

Categorised in: Houston Real Estate

This post was written by Sandcastle Homes