October 2011: Fifth Consecutive Month of Positive Home Sales in Houston
November 16, 2011
Real Estate in Houston continues to show enduring growth!
According to the Houston Association of Realtors, October 2011 marks the 5th consecutive month of positive home sales in Houston. Along with positive home sales, the average cost for a single family home rose 1.1% compared to last October, marking the highest level for an October in Houston history.
HAR also reported that Houston’s 6.6 months inventory of single-family homes is the lowest level since April 2010 and compares favorably to the national average of 8.5 months.
The positive news is encouraging for Houstonians. With mortgage rates at their all time low and a stable Real Estate market, many are finding it the perfect time to purchase a home.Houston, Houston Housing Market, Houston Texas, real estate, Texas
Categorised in: Houston Real Estate
This post was written by Sandcastle Homes