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Houston Real Estate Market is BOOMING!!!

By
Real Estate Agent with RE/MAX Space Center

Houston Real Estate Market is BOOMING!!!

Such wonderful news for the Houston area! December home sales pushed the 2013 housing market to an all time high and inventory to an all time low.

2013 was a awesome year for the Houston Real Estate Market. The addition of more than 86,000 jobs brought many people from other areas to the Houston area. This increase in jobs also played a huge role in the rise in home sales. According to HAR (Houston Association of Realtors), December 2013 sales of single-family increased 14.3 percent verses the December 2012 sales.

Homes priced from $250000 and above registered the highest sales volume. The low end of the market-$80,000 and below did not see the same gain as other housing segments. Houston housing market had its best year on record in 2013!

Even better news, sales of foreclosure properties continued their year-long decline. With fewer foreclosures pulling down home values in an area, we can start to see a huge appreciation to homes. Homes are being looked at as investments once again.

December sales of all property types in Houston totaled 6,987, a 14.2 percent increase over the same month last year. This makes for a lot of happy home sellers and buyers!

Townhomes and Condominiums jumped 15.4 percent in sales from one year earlier. The average price increased 9.4 percent to $210,138 while the median price was flat at $155,350.

Looks the Houston housing market is really taking off!! This is great news for our area! Why not call Houston home?

If you are thinking about relocating to the Bay Area, I would love to help! You won't be disappointed with what MY area has to offer!! Call me today, I would love to show you around! 713-542-8451

 

 

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