Houston Home Sales Solid

March 2011

January brought cold temperatures to the Houston area, but that didn’t stop the Houston housing market from heating up. January saw increases in both sales volume and average prices, with the average price of single-family homes reaching the highest level ever for a January in Houston.

February temperatures were also frigid, and while the sales volume did dip following a feverish push in volume, median home prices in Houston rose to the highest levels ever recorded for a February in Houston. Foreclosure sales made up a smaller amount of the overall sales volume, and the median price of for foreclosures fell 8.1% on a year-over-year basis.

So what does all of this mean for home buyers and sellers in the Houston region? If you are looking to purchase a home you can shop with confidence, knowing that our region has been one of the most stable markets in the nation. If you are selling your home you’ll be happy to know that the so called “shadow inventory” does not seem to be casting an ugly shadow on the market, and a carefully planned and executed marketing strategy should end with a successful sale.

Click on the image below to take a look at the figures and, as always, please don’t hesitate to contact me with any questions you may have.

 

 

Stacy Jones is a REALTOR you can trust

 

 

 

 

 

 

 

Stacy Jones
832-722-7731

 

Stacy is a licensed REALTOR® and the team leader of The Jones Team, a group of REALTORS® in Katy, who work together to provide exceptional service for their clients. Stacy and his team specialize in the areas west of downtown Houston. These incredible real estate agents can help you buy or sell a home in locations such as Katy, Cypress, far West and Northwest Houston, Richmond, Fulshear, Sugar Land, Spring Branch, Memorial, Spring, Tomball, The Woodlands, and Magnolia. Whether you are in the market to sell a home, buy a home, have a question about home appraisal value, need advice about home staging ,or have any other real estate related questions, Stacy and The Jones Team are available to help.

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All information in this site is deemed reliable but is not guaranteed and is subject to change.

The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.