Houston Real Estate: Real estate for sale in Houston
Houston Real Estate: Real estate for sale in Houston
Houston real estate market hit the highest point ever in the March of 2013. The city’s strong economical growth has led to this hike in the real estate market prices.
A single family home median price in Houston is $172,000. This is the highest record reachted in history ever for a family home in Houston real estate market. According to the Houston Association of Realtors, the median price of homes in Houston in March of 2013 was 6.5 percent higher than what was in the March of 2012. Not just that, this median price of $172,000 is almost three times higher than the median price of family home in Houston real estate market in 1980.
The number of homes or say real estate properties in Houston has dramatically increased. Some say that the supply problem will also be easing due to a large number of homes hitting the market in April. Given the high demand of properties in Houston and their low supply, the increase in their prices was inevitable.
Some experts say that the current real estate market in Houston is the best in the last 30 years. There are also some custom builders constructing spec homes, i.e. the homes that don’t have a buyer lined up. Such real estate properties can easily cost $1 million.
The Houston real estate investing market is also due to the increase in job growth. There were around 120 K new jobs aadded which is the highest in whole nation.
All in all, Houston’s real estate prices and market are on the rise and this is clearly set to beat more real estate investing records.
Houston real estate market hit the highest point ever in the March of 2013. The city’s strong economical growth has led to this hike in the real estate market prices.
A single family home median price in Houston is $172,000. This is the highest record reachted in history ever for a family home in Houston real estate market. According to the Houston Association of Realtors, the median price of homes in Houston in March of 2013 was 6.5 percent higher than what was in the March of 2012. Not just that, this median price of $172,000 is almost three times higher than the median price of family home in Houston real estate market in 1980.
Houston Real Estate Prices
The number of homes or say real estate properties in Houston has dramatically increased. Some say that the supply problem will also be easing due to a large number of homes hitting the market in April. Given the high demand of properties in Houston and their low supply, the increase in their prices was inevitable.Houston Real estate Market Facts
There were about 5,799 single family homes sold in March of 2013 according to the Houston group of realtors. This is a good 17 percent increase over the March of last year. Houston real estate prices are on the rise and it shows how hot the market for real estate investing is in the city.Some experts say that the current real estate market in Houston is the best in the last 30 years. There are also some custom builders constructing spec homes, i.e. the homes that don’t have a buyer lined up. Such real estate properties can easily cost $1 million.
Houston Real Estate Properties Conclusion
The Houston real estate investing market is also due to the increase in job growth. There were around 120 K new jobs aadded which is the highest in whole nation.All in all, Houston’s real estate prices and market are on the rise and this is clearly set to beat more real estate investing records.
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