According to Rob Cook, the 2009 MLS Chairman and the Houston Association of Realtors, we met a few milestones back in August and I wanted to share them with you. The median price for a single-family home rose for the 4th straight month to the 3rd highest level of 2009 ($160,880.00). The average price of a single-amily home reached its 3rd highest level of the year ($213,396.00). Month-over-month volume of single-family home sales reached the 3rd highest level of 2009. Month-over-month volume of townhouse/condominium sales reached the 3rd highest level of 2009. Month’s inventory of singel-family homes dipped from 6.7 to 6.5 months compared to the national average of 9.4 months. This is all good news for the housing market that I wanted to share with you as you are making real estate decisions as we head into 2010.
Houston Real Estate Milestones
About the Author...
Shannon Register, Broker/Owner
You can read more about Shannon here.
Contact directly at 832.628.7355 or s@rrea.com.
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