The Texas Association of Realtors® released the Texas Quarterly Housing Report on August 1, 2012 covering the 2nd quarter months of April, May and June.
The report showed fabulous news for the Houston real estate market and showed that while the weather was heating up, so were Houston home sales! Highlights include:
- A 15.48% year-over-year increase in unit sales (homes sold) from 16,790 in 2011 Q2 to 19,390 in 2012 Q2
- An 8.01% year-over-year median price increase from $154,800 in 2011 Q2 to $167,200 in 2012 Q2
- A 7.26% year-over-year average price increase from $213,216 in 2011 Q2 to $228,697 in 2012 Q2
- A 32.09% year-over-year decrease in months in inventory from 8.10 in 2011 Q2 to 5.50 in 2012 Q2
Now is the time to list your home with a real estate agent. Statistics for sellers in the Houston area real estate market couldn’t be better, and the agents at Keller Williams Northeast are ready to help!