Market Watch
FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Houston appraisers struggle to keep up with changing market
|
Dwindling supply and heightened demand in Houston’s housing market have left appraisers scrambling to keep up with the area’s escalating prices, the Houston Chronicle reported.
According to recent data from the Houston Association of Realtors, available housing inventory hit its lowest level in Houston in 40 years in June just as home prices hit record highs. Additionally, the average days on market before homes sold reached 46 days in June — the area’s lowest total ever.
Year over year, the number of Houston listings was down 9.2 percent in June, single-family home sales were up 4.5 percent, and single-family average sales price and single-family median sales price were up 6.6 percent and 11.3 percent, respectively.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories