The Houston, Texas home sales are up 23% but the median home price is up only 2.6%!
Separately, sales of existing single-family homes (excluding new homes) totaled 4,352, which was a 22.8 percent increase from November 2005. The median sales price for existing homes in the Houston area was $138,000, an increase of 2.6 percent compared to the same period last year.
It looks like Houston is the opposite of Phoenix.
Home sales in Greater Phoenix have fallen 30% but the median home price is down only 1.5%. Go figure!
Nevertheless, with a median price of only $138,000, Houston looks like a cash flow real estate market with very good potential for future appreciation.
ATTN: U.S. RESIDENTIAL REAL ESTATE INVESTORS
Call or email me to find a Houston Realtor who specializes in residential Houston investment properties, 480-600-0947.
Or click National Association of Residential Real Estate Investment Advisors and Register to see the association’s full list of member real estate agents.