real estate statistics: Houston Real Estate sitting pretty in April - 05/21/09 06:45 AM

On Tuesday, HAR released the latest figures for the Houston Real Estate market activity during the month of April and as it's often been the case in the last year or so, the numbers were pretty mixed.
 
The Good
After three consecutive months of drops in the Median Sales Price, prices have stabilized. That's great news! In addition, there are fewer active listings on the market for sale now than there were a year ago. In other words we're looking at some of the healthiest inventory levels in the country. In April, it would take 6.1 months to sell … (0 comments)

real estate statistics: Houston Heights Real Estate Market Report - Feb 2009 (VIDEO) - 03/08/09 04:01 AM
Houston Heights District - Real Estate Market Report from Erion Shehaj on Vimeo.
Active on the Market
There are currently 135 total properties for sale asking an average of $200.27/SF (virtually unchanged) priced as low as $149.9k all the way up to $1.35M. Over half of the current inventory for sale (51.85%) are new construction homes. On average , active listings have been on the market for 124 days which is an improvement over January’s 139 days. Only 1.5% of the current inventory are foreclosures.
Pending Sales
A total of 12 properties went under contract in February, at different stages of … (0 comments)