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Houston Posts Big Gain in Home Sales in March
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Houston Posts Big Gain in Home Sales in March
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Houston Posts Big Gain in Home Sales in March
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May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

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May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

May 1, 2012 (Shirley Allen)

Monthly property sales in Houston jumped by almost 30 percent from February to March leaving property inventories seventeen percent lower than a year ago according to the latest data from the Houston Association of Realtors® (HAR).

March sales for all property types totaled an estimated 5,908 in Houston. That was 29.5 percent higher than the 4,561 properties sold in February and 7.4 percent higher than the 5,499 properties sold in March 2011.

Existing single-family homes accounted for 4,996 of the total sales in March. That was 30.4 percent higher than the 3,832 homes sold in February and 7.8 percent higher than the 4,634 homes sold in March 2011.

The median sales price for an existing single-family home in Houston increased 7.9 percent to $161,750 from $149,900 in February and was 7.8 percent higher than the median price of $150,000 in March of 2011.

There was a 5.6 months supply of single-family homes available for sale in Houston, unchanged from February but down from a 7.5 months supply in March of last year.

Wayne A. Stroman, chairman of HAR, stated, “March was an excellent month for home sales in Houston and the healthy appreciation in pricing is welcome news as well. Inventory remains at its lowest level in more than three years and is outpacing the national real estate market. The moderation in pending sales in March could possibly translate to a leveling off of sales before we enter the summer buying season, but we will know for sure next month.”

Condominium sales accounted for 374 of the total sales in March, up 17.2 percent from the 319 sales in February but were 3.6 percent lower than the 388 units sold in March of 2011.

The median sales price for a condo in March was $135,000, which was 10.7 percent higher than the $122,000 median sales price in February and 17.4 percent higher than in March of last year.

The number of properties available for sale in the Houston area decreased slightly from 42,206 in February to 41,997 in March, but was still at their lowest level since December of 2008. A year ago there were 51,091 properties available for sale, 21.1 percent higher than last month.

Tags: existing homes, condos, sales, median home prices, Houston

Source:
Houston Association of Realtors (HAR)

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.