October MLS Sales Statistics

1. October MLS Sales Statistics The October 2012 MLS statistics will be released on Tuesday morning, and here are some quick takeaways: • October sales of single-family homes shot up 32.7 percent versus one year earlier, marking the 17th consecutive month of positive sales. • The hefty sales volume has now driven local housing inventory down to the lowest level since December 2001– 4.4 months. • At $223,366, the single-family home average price reached the highest level for an October in Houston and the single-family median price of $163,000 was also an historic high for an October. • Single-family home rentals rose 3.6 percent compared to October 2011, while townhome/condominium rentals declined 4.3 percent. • For more detailed information, please visit the HAR Online Newsroom for this and all other news releases.

2. Realtors Property Resource® (RPR) is Here • Have you created your Realtors Property Resource® (RPR) account yet? As of November 1, this valuable NAR member benefit is available to you. • HAR recently signed an agreement with RPR, so Houston area MLS data will soon be included in the RPR database. • If you're new to RPR, you can quickly create an account at www.narrpr.com. You will immediately be able to search property information on more than 147 million properties in the U.S. Additional features are in the works. • If you’ve already created your account, the next step is to sign up for a training webinar. RPR has both beginning and advanced webinars available every week. Learn how to take full advantage of RPR to increase efficiency and impress clients. Simply register for a class and let the learning begin. • A special webinar on the “10 Powerful Ways You Can Use RPR in your Business” will take place on Thursday, November 29, showing how to take advantage of all RPR has to offer to impress clients and increase your business. Register for the webinar today, as space is limited.  • RPR offers 24/7 customer support. Call 877.977.7576 day or night, weekday or weekend, for help with any of your RPR questions. 

3. Weekly HAR Market Stat Housing continues to be a bright spot in the national economy. Locally, we enjoyed more sales and additional seller activity. As prices firm up, some sellers will be lifted out of unenviable positions while others will receive a confidence booster. That's a good thing, since buyers at some price points are struggling to find inventory. Additional evidence of turnaround will come by way of days on market, the average ratio of sold to list price and absorption rates generally under five months. In the Houston region, for the week ending November 11: • New Listings decreased 3.5% to 1,664 • Pending Sales increased 35.0% to 1,378 • Closed Sales increased 32.7% to 995

4. Graduate to a New Designation • Graduate REALTOR® Institute – GRI-2 Marketing • The GRI designation is the most widely recognized of the National Real Estate Designations. Consisting of three course, each is taught by experts in their respective fields. This module consists of Seller Services, Buyers Services, Technology and Environment & Green Building. GRI courses may be taken in any order and satisfy your 9 hours of non-legal MCE requirements. TREC rules mandate that each student be on time. Please have your license number with you the day of class. • Date: Nov. 29-30 and Dec. 3-4 • Time: 8:15 a.m. - 5 p.m. • Location: HAR Fort Bend • Investment: $295 Questions? 713-629-1900 ext. 6 Register at www.har.com/edu