Northeast Houston Real Estate Market Report for August 2010

The Houston Association of REALTORSA� (HAR) released its market report for August 2010 and the numbers were a decidedly mixed bag. Overall, the Houston real estate market showed a decrease in its home sales for the second month in a row. However, Northeast Houston managed to be the highlight of the entire Houston real estate market, with both Kingwood and Montgomery County Southeast selling more single-family homes than last year, with 12.7% and 23.3% gains, respectively.
With the interest rates remaining historically low, it appeared that the Northeast Houston homeowners were taking advantage of this by putting more homes up for sale than August 2009. Kingwood saw a 26% increase in active listings, Atascocita and Humble saw a 37% increase and Montgomery County Southeast experienced a 43% increase in active listings over the same time last year. The Houston market itself saw a 28% increase in their active listings over last year.
Median prices for homes were up, down and all around as well. Kingwood saw a 16% increase (to $204,700), Atascocita/Humble How To Sell A House With A Realtor remained the same (at $150,000) and Montgomery County Southeast decreased 16% (to $170,490).
Montgomery County Southeast still appears to be a hot area to buy a home. The Oakhurst subdivision in Montgomery County Southeast remains a highly sought-after community. The Houston Association of REALTORSA� has Real Estate Investment Groups Uk named it the second hottest housing market in the Houston area in its HAR “Hotness Ratio”. The “Hotness Ratio” is determined by the amount of pending sales in relation to active listings available in the area.
These numbers show that the Northeast Houston real estate market continues to be a hot commodity. The prices are great, the interest rates available are phenomenal and the perfect house for you is just a phone call (to your REALTORA�) away. Don’t miss out on your opportunity to own your piece of the American dream.

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