Positive Home Sales in Houston
August 22, 2012
The Houston Association of Realtors (HAR) released the MLS report for July 2012. The report consisted of encouraging positive news for the Houston real estate market.
July 2012 marked the 14th straight month of positive sales in Houston. Single-family home sales rose 27% compared to the previous year. HAR reported that the average price of single-family homes increased 3.7% to $231,484—this is the highest price for a July month in Houston. The total inventory of single0family homes dropped from 5.5 months to 5.3 months. This is the lowest level of inventory Houston has seen since February 2007.
From the foregoing, it is evident that the Houston real estate market in strong and continually growing.
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This post was written by Sandcastle Homes