HAR home sales no slowdown in sightHAR home sales no slowdown in sighthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=78762013-03-25T06:58:00Z2013-03-25T00:00:00Z

HOUSTON - Single-family home sales continued at an unprecedented pace as sales rose 15.5 percent in February 2013 compared with February 2012, according to the Houston Association of Realtors (HAR).

February accounted for the 21st consecutive month of positive sales.

Contracts closed on 4,407 homes, which helped maintain an inventory of 3.6 months, a level last seen in December 1999.

Total dollar volume for all property types increased 26.5 percent, from $887 million to $1.1 billion on a year-over-year basis.

At $220,445, the single-family average home price reached the highest level for a February in Houston, and at $161,700, the single-family home median price also reached an historic high for a February .

Single-Family Home Sales
  Feb. 2012 Feb. 2013 Change
Home sales 4,544 5,324 15.5%
Average sales price $201,113 $220,445 9.6%
Median sales price $149,900 $161,700 7.9%
Months inventory* 5.6 3.6 -36.4%

*Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land
http://www.har.com/newsroom/Read more at {Source}

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