Houston Home Sales Up 8% Over Past Year
by: Andrew Schneider, April 17, 2012 4:04:00 pm
The Houston Association of Realtors says March sales of single-family homes rose nearly 8% from a year earlier. That follows February's jump of almost 16%, which was the biggest sales boost since last September.
Shad Bogany is broker/owner of Houston-based ERA Bogany Properties.
"We're in an energy city where oil prices are up, gas prices are up, so you've got oil companies hiring more people. I also believe that consumer confidence is picking up right now. So I think a combination of all of that has helped us continue to move forward here."
For the second month in a row, the inventory of single-family homes held to the lowest level since December 2008. Just under 42,000 active listings were on the Houston market at the end of last month, down nearly 18% from March 2011.