Spring Is In the Air For Houston Housing Market

Here are the promising March figures for Houston housing market:


•Single-family home sales rose 10.8 percent;

•Total property sales increased 14.5 percent;

•The average price of a single-family home appreciated for a sixth straight month by 10.2 percent to $212,403 — the highest pricing level for a March in Houston;

•The median price of a single-family home rose for the 11th consecutive month, by 6.4 percent, to $154,250 — the highest dollar figure for a March in Houston;

•6.7 months inventory of single-family homes compares favorably to the national average of 8.6 months;

•Townhouse/condominium sales increased 30.4 percent;

•Total dollar volume climbed 24.2 percent, reaching $1.2 billion.