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HAR: Houston home sales 2012 and Dec. 2012HAR: Houston home sales 2012 and Dec. 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=85562013-03-25T07:37:00Z2013-01-16T00:00:00Z

HOUSTON - The heaviest one-month sales volume of the year was recorded in August, with 6,447 closings, with the lightest in January, with 3,039 closings. October marked the greatest year-over-year percentage sales increase, with a 30.3 percent gain over October 2011.

Single-family home sales rose 16.1 percent for the year. Total dollar volume for full-year 2012 jumped 23.3 percent to $16 billion compared to full-year 2011.

Home sales increased 11.4 percent year-over-year in December 2012, accounting for the market’s 19th consecutive monthly increase. Total dollar volume jumped 25.9 percent, increasing from $1.1 billion to $1.4 billion on a year-over-year basis.

At $243,797, the single-family home average price reached the highest level ever in Houston, and the median of $172,500 also reached an historic high in Houston. Inventory of 3.7 months is the lowest level since December 1999 and is lower than the national average of 4.8 months.

Single-Family Home Sales
  Dec. 2011 Dec. 2012 Change Year-end
2011
Year-end
2012
Change
Home sales 4,524 5,039 11.4% 53,592 62,229 16.1%
Average sales price $218,960 $243,797 11.3% $213,723 $225,330 5.4%
Median sales price $160,000 $172,500 7.8% $155,000 $164,500 6.1%
Months inventory 5.8 3.7 -36.2% -- -- --


Read more at the Houston Association of Realtors.

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

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