Happy Wednesday:
The full report for Houston's November production numbers has been published by HAR.
Houston has seen an incredible year over year jump in average sales price, up to over 340K compared to 297K a year ago.
We also saw the number of single family home sales jump 25% year over year to 7,990 transactions in the month of November, compared to 6,359 the same month a year ago.
Listing inventory is still low, so if listings are priced right, they tend to go under contract immediately.
December looks to be another strong month of closings, with more than 8,200 homes in escrow right now, compared to 6,300 at the same time a year ago.
In fact, we're pacing ahead of last year's total transaction count by 9%!
> Read the full report here! <<
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