HOUSTON AND NATIONAL REAL ESTATE MARKET REPORT MARCH 2011

By
Real Estate Agent with Texas Buyer Realty LLC 536837

Go to the full report and more here http://jamespotenza.housingtrendsenewsletter.com/

Washington, DC, February 23, 2011 The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 2.7 percent to a seasonally adjusted annual rate of 5.36 million in January from a downwardly revised 5.22 million in December, and are 5.3 percent above the 5.09 million level in January 2010. This is the first time in seven months that sales activity was higher than a year earlier.

The national median existing-home price for all housing types was $158,800 in January, down 3.7 percent from January 2010. Distressed homes edged up to a 37 percent market share in January from 36 percent in December; it was 38 percent in January 2010.

Go to the full report and more here http://jamespotenza.housingtrendsenewsletter.com/

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