May MLS Sales Statistics The May 2013 MLS statistics will be released on Tuesday morning, and here are some quick takeaways: The Houston housing market.

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Presentation transcript:

May MLS Sales Statistics The May 2013 MLS statistics will be released on Tuesday morning, and here are some quick takeaways: The Houston housing market continues to flourish, with single-family home sales rising for the 24 th straight month, up 28.0 percent year- over-year. Contracts closed on 7,794 homes – the largest one-month sales volume of all time – shrinking inventory to 3.3 months. Prices reached historic highs, with the single-family home median price hitting $188,000 while the average price was $256,790. Total dollar volume soared to $2.2 billion, a 38.1 percent increase over May 2012, when total dollar volume was $1.6 billion. For more detailed information, please visit the HAR Online Newsroom for this and all other news releases.HAR Online Newsroom

Weekly HAR Market Statistic Sellers are finally starting to catch up with strong buyer demand, but at the rate that homes are being snatched up, the influx of new listings will need to be more than a short-term addition. Rising home prices, fewer days on market and more homes being sold all support a positive public opinion about real estate. The following local stats should shed invaluable quantitative support for that warm fuzzy feeling residential real estate is handing out. In the Houston region, for the week ending June 9: New Listings increased 3.1% to 2,528 Pending Sales increased 54.6% to 2,298 Closed Sales increased 9.0% to 1,428

ext. 6 Get a New Lease on Learning Leasing 101: Understanding the Basics of Leasing While real estate licensees are authorized to represent clients in lease transactions, few licensees perform lease transactions with any regularity. As a result, when a client comes to licensees for representation on a lease, many licensees are not equipped to offer adequate service to their clients. This course is designed for the real estate licensee who needs the fundamentals of leasing representation. Students will learn how to adequately represent landlords and tenants and be taught how to use forms associated with applying for lease agreements. Please be on time as class will start promptly at 9 a.m. Date: Monday, June 24 Time: 9 a.m. – 4 p.m. Location: HAR Central Investment: $39

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