Houston Real Estate Market & Trends

The Houston real estate market saw continued activity among first-time homebuyers which translated to a significant improvement in single-family home sales in Houston in July 2009. In fact, Houston saw the highest sales volume since July 2008 and the second highest median price in history. The Houston real estate market did see some declines in some segments, however these declines are the smallest recorded since the economic downturn began in the fall of 2007.

Although the Houston real estate market never saw the “meltowns” or huge declines of most large cities (and small) In fact, many Houston neighborhoods had it’s residents scratching their heads wondering “what downturn” as their properties continued to sell for top dollar.

With Houston’s strong forecast for job and population growth, with both expected to grow faster than the nation’s average. The  population of the greater Houston area is expected to rise from 6 million in 2010 to 9.5 million in 2035. Job growth in various sectors, especially in energy independent sectors, the expansion and the creation of a wide range of industries is expected to fuel Houston’s economy and consequently, Houston’s real estate market!

To view up to the minute Houston homes for sale and find tons of Houston real estate info, go to www.McCannProperties.com. The premier Houston real estate source

Leave a Comment