Houston Real Estate Market Report - April 2012

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. 

For anyone who is considering selling or buying Real Estate in Houston and want a Houston Realtor that can assist you look for a home, please contact Paul Silverman, Certified Negotiation Expert with Heritage Texas Properties. Kindly visit our website at www.ourfirstnest.com .