The latest Houston Real Estate market report for April 2012 sales is out and shows some amazing progress in all market metrics. Single family homes posted a 9.9% gain over the previous year and townhome/condo market posted a 12.4% gain.
Other factors in the single family market report show more signs of strength. Our total months of inventory has dropped to 5.7. Most real estate experts consider a 6-8 month supply as a neutral market. Another promising statistic is the total number of listings has dropped 17.8%, signaling fewer homes on the market. One last impressive area of the market is the average sales price has increased almost $23,000 or 11.2% to $223,328.
Real Estate Web Design