October Houston Real Estate Wholesale Market Revitalized

11/26/2007 8:20:00 AM
By HoustonRealNews Market Analyst

The market may be improving for Houston Real Estate. Deals have increased, in both listings and sales, from the past month's weak numbers.

That according to an analysis of Houston Real Estate wholesale listing site MyHouseDeals.com.

Out of 157 listings in October, 37 houses have been sold while 120 are still up for sale. That's 35 more properties listed on the market and 11 more houses sold from September's 26 homes sold out 122 listed.

Average asking prices of homes sold have increased as well. Average asking price for the month is $65,500, $11,000.00 more than September's average.

The wholesale numbers may indicate that the recent slowdown in the market may be bottoming, which the recent HAR data appears to support.

The wholesale market serves as a reasonably steady indicator of market activity.

The wholesale market serves as a reasonably steady indicator of market activity.