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Duplex for Sale Houston TX

The Sam Team help you track down the perfect home. With a group of specialists directing you at all times, information and experience will guarantee you have the best home purchasing experience conceivable.

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Duplex for Sale Houston TX

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  1. Duplex for Sale Houston TX The Sam Team

  2. Houston Real Estate Market in Texas The Greater Houston home market has seen positive sales for the thirteenth month in a row. Single-family home sales, overall property sales, and total dollar volume all rose in June compared to previous year. Pending sales, which are a foreshadowing indication of transactions that will close in the next one to three months, also rose by 3.1 percent. In June, single-family house sales in the greater Houston area rose by 13.6 percent to 10,638 units, up from 9,362 the previous year.

  3. Strong sales volume at the top of the market drove prices to new highs, surpassing those set last month. A single-family house's average price climbed by 23.7 percent to $395,316, while the median price rose by 20.0 percent to $314,500. Cheap inventory and low loan rates are driving up home prices. When some buyers go out to look for a home, they discover they can't compete with all-cash bids. Agents risk having very limited inventory for buyers during the next spring season, particularly with the possibility of increasing mortgage interest rates.

  4. Despite the epidemic, the Houston real estate market had a record-breaking year in 2020. A total of $35.3 billion in real estate was sold, setting a new high (dollar volume). Single-family house sales exceeded the previous year's record number by more than 10%. According to HAR's 2020 annual market report, overall property sales for the year reached 115,523, an increase of 11.6 percent over the previous year's record volume and just the second time in history that total property sales had surpassed 100,000.

  5. In December, a record-high average price of $347,164 was reached, as well as a record-high median price of $273,443. The Houston real estate market outperformed the previous year's record pace by a wide margin. The average number of days a house spends on the market has decreased from 59 to 46 days. Nothing remains on the market for long, according to local brokers, since buyers are snapping up houses at breakneck speed to take advantage of historically low mortgage rates. Record-low mortgage rates and a scarcity of available houses are two major reasons why the Houston housing market will continue to grow in 2021. You can buy duplex for sale in Houston Texas.

  6. Despite the high level of purchasing activity, the pace of increase was somewhat slower year over year. Single-family home sales rose 13.6 percent over last June, according to the most recent Houston Association of Realtors (HAR) Market Update, with 10,638 units sold compared to 9,362 a year earlier. This is the market's eleventh consecutive month of increased sales. With a 136.5 percent year-over-year increase, homes priced at $750,000 and above led sales volume once again.

  7. The Sam Team 2911 S Sam Houston Pkwy E, Houston, TX 77047 City : Houston State : Texas Zip/Pin : 77047 Country : United States Tel: 8322005656 Email: sam@thesamteam.com Website : https://www.thesamteam.com/

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