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.