Houston Housing Market

The still strong Houston Homes Market has gotten a lot of positive press as of late. With Forbes Magazine naming the Houston Housing Market as the number one place to buy a home in 2008 and Kiplinger’s Magazine naming Houston the United States number one city for 2008, I felt it would make sense to note the Houston Homes Market’s top 10 hottest areas for my readers. These ten Houston Homes Market areas and Houston’s strong job growth have continued to push the Houston Housing Market median and average home sales prices to record highs each and every month, leaving the Houston Real Estate Market as the strongest and most stable market in the United States.

Bookmark It

A new Houston real estate forum has been launched where people looking in the Houston homes market can get questions answered on all aspects of the buying and selling process.  Questions can be anywhere from specific questions about home inspections to general questions about Houston homes market neighborhoods.  In addition to Houston housing market topics, [...]

Bookmark It

The Houston Housing Market continues to show strength in pricing. However, the Houston Homes Market posted declines in the number of homes sold with July of 2008 posting 5,885 total closed sales compared to July of 2007 which posted 6,856 Houston Homes sales. These numbers show a slight improvement over June of 2008 on a percentage basis, as July posted a 14.2 percent decrease in Houston Single Family Home sales on a year over year basis, while June showed a decrease of 14.7 percent on a year over year basis. This trend has again increased Houston Housing Inventory now pushing 6.9 months with a total of 36,287 active Single Family homes on the market.

Bookmark It

Houston Homes sales and the Houston Housing Market showed mixed results for June 2008. Even during a collapse of the housing market in other areas of the country, the Houston Metro Area posted increases in both the average home sale price and the median home sale price. However, the June data was not solely on a positive note as total Houston homes sales were down or flat in all price ranges except below the $80,000 mark, where home sales jumped 29.3%. Click on the link above to get a complete breakdown on the market highlights listed below.

Houston Real Estate Milestones in June

1. Highest average single-family home sales price ($228,448);

2. Highest median single-family home sales price ($162,000);

3. Highest average sales price for townhouses/condominiums ($179,331);

4. Largest number of single-family home sales since August 2007;

5. Largest number of townhouse/condominium sales since August 2007;

6. Sales of single-family homes below $80,000 rose by 29.3 percent;

7. Lowest Days on Market since September 2007

Bookmark It