This is the time to list your home. HAR.com just published an article, "Supply of Houston Homes Evaporates in October as Sales Soar". This indicates that with sales elevated, the supply of homes available (Active Listings) is also lower by about 18.8%. That means that this is an awesome time to list and sell your home. To see the full article, click on the link for "Supply of Houston Homes Evaporates in October as Sales Soar".
Some of the wonderful statistics, such as:
CATEGORIES | OCTOBER 2011 | OCTOBER 2012 | PERCENT CHANGE |
Total property sales | 4,781 | 6,457 | 35.1% |
Total dollar volume | $945,448,029 | $1,391,684,388 | 47.2% |
Total active listings | 46,674 | 37,909 | -18.8% |
Total pending sales | 3,092 | 3,854 | 24.6% |
Single-family home sales | 4,054 | 5,379 | 32.7% |
Single-family average sales price | $206,255 | $223,366 | 8.3% |
Single-family median sales price | $149,900 | $163,000 | 8.7% |
Months inventory* | 6.6 | 4.4 | -32.9% |
* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.
This is my Century 21 Office in Tomball, TX. It is also a model home for our builder, Serenity Homes.
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