If you weren't aware, the Houston Board of REALTORS has a great website where they release their MLS housing statistics each month via a press release. Total sales declined partially due to the softened sub-prime lending market.
The good news is that Houston is still one of the best cities in Texas to buy a home or investment property.
The average and media home sales prices in Houston are still on the rise.The Houston housing and job markets are still very robust and stable. Click the chart for Houston stats.
Houston Real Estate Milestones for June 2007 (Per HAR)
- Highest ever average single-family home sales price
- Highest ever number of single-family homes listed for sale
- Second highest number of homes ever sold in June
- Highest median sales price in Houston history
- Highest median townhouse/condo sales price for the month of June and fourth highest ever
- Highest average townhouse/condo sales price for the month of June and fifth highest ever
See June 2007 housing statistics as well as archives on for Houston on HAR's website: Houston Real Estate Market Information.
Did you know that Houston has one of the highest foreclosure rates in Texas and the U.S? Find out why!
No shock here. Hopefully things will start looking better by this fall.
Posted by: Louisville Real Estate | Saturday, July 28, 2007 at 12:18 PM