Houston January Home Sales 9.2 Percent Higher Than A Year Ago

Home sales continue to increase in Houston, according to figures from the Houston Association of Realtors.

HAR's David Mendel says the average sales price of $194,765 was statistically unchanged from the same month last year. Mendel says January was the eighth consecutive month of increased home sales.

 

"Year-over-year single-family homes sales climbed 9.2 percent, with a total of 3,049 homes sold. The average price was statistically flat at $194,765."

HAR chairman Wayne Stroman sees a balanced supply of housing inventory.

 

"Month's inventory is at its lowest level in two years — 5.7 months — and that's a lot better than the national figure of 7.2 months. That doesn't mean that it takes 5.7 months to sell a home. It means that that's how long it takes to sell all of the single-family homes on the market based on the past year's sales activity."

January sales of all property types in Houston were up 4.8 percent compared to January 2011. Total dollar volume for properties sold during the month rose 5.9 percent compared to the same month a year earlier. The month rose 5.9 percent compared to the same month a year earlier.

Bio photo of Ed Mayberry

Ed Mayberry

Local Anchor, All Things Considered

Ed Mayberry has worked in radio since 1971, with many of those years spent on the rock 'n' roll disc jockey side of the business...