The EDGE: Week of November 7, 2011
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Accolades for Houston and Texas, HAR Dues Billing & TREPAC, Weekly HAR Market Stat and More
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The EDGE: Week of November 7, 2011
- 4. Weekly HAR Market Stat Local home buyers had no reservations about exceeding their 2010 purchase volumes for the week. Sellers were a bit shy, introducing fewer new listings to the marketplace than last year. It's particularly important to watch the inventory needle as it can illustrate the overall market balance. Speaking of which, now is a great time to keep an eye on months supply and seller concessions. In the Houston region, for the week ending October 30: • New Listings decreased 9.8% to 1,546 • Pending Sales increased 36.9% to 1,142 • Closed Sales decreased 13.4% to 1,108