Houston Home Sales Rebound

Houston Home Sales Rebound

HOUSTON (realtynewsreport.com) – Sales of existing homes in Houston were 4 percent higher in 2011 than 2010, according to the Houston Association of Realtors.

In fact, December marked the seventh consecutive month of sales increases for the city.

Realtynewsreport.com reported that:

  • Single-family      home sales rose 4 percent for the year while sales of all property types      increased 4.3 percent.
  • On      a year-to-date basis, the average price rose 0.9 percent to $213,723 while      the median price ticked up 0.7 percent to $155,000. Total dollar volume      for 2011 climbed 5.2 percent to $13 billion compared with 2010.
  • Month-end      pending sales for December totaled 2,907, up 3 percent from last year.
  • The      number of active listings at the end of December fell 14.1 percent      compared with a year ago.