Houston Residential Market Report - Overview - Houston, TX - January 2011
Today (February 15, 2011) the Houston Association of Realtors (HAR) announced that in January (2011) homes sales increased in Houston for the first time in seven months, since June of 2010. Also, the average price of a single-family home reached the highest point for any January ever at $196,879.
January sales of single-family homes rose 7.5 percent over January 2010. Total single-family home sales in January 2010 was 2,572 versus 2,766 for January 2011.
Compared to January 2010, foreclosures declined by 4.7 percent in January, 2011.
The total number of property sales in January 2010 was 3,118. Total property sales in January 2011 was 3,413, a 9.5 percent increase over January 2010!
Houston Area Leasing Market Strengthens as Well
Single-family lease properties rose by 27.5 percent over last year at this time and townhomes and condominium leases increased by 24 percent over January 2010.
Carlos P. Bujosa, HAR chairman, says it is too early to make predictions for 2011, but so far Houston has gotten off to a good start for the new year. Also, increases in employment are projected by the Greater Houston Partnership, which is another good sign for the Houston economy.
Source: Houston Association of Realtors. All information is deemed to be reliable and accurate; however it is not guaranteed and should be verified.
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House icon/photo Courtesy of Dreamstime.
Information contained herein is believed to be accurate; however, it is not guaranteed and should be verified. Statistics are believed to be accurate at the time published; however, they are subject to change and should not be relied upon without verification that they are current.
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