HAR MLS Market Update for March 2012

Houston real estate indicators continue to show positive signs as our market continues to outpace the national real estate market.  Some important data points from the March 2012 HAR Market update:

  • Housing inventory at lowest level since 2008
  • Avg. price came shy of all time high in June 2008
  • March sales of single family homes rose 7.8% over 1 year ago.  This marks the 10th consecutive month with positive sales.
  • Increased activity in the luxury home segment
  • Single family home and Townhome/condo rental prices are also on the rise