Norhill’s quarterly Houston housing report is here. Q2’s numbers are definitely down across the board year over year. However, that was to be expected as we compare last year’s close out of the First Time home buyer credit with this year’s numbers. Overall, the number of sales was down 8% in the neighborhoods we track. Just over half of the neighborhoods saw a decline in the average sales price of single family homes.
Overall, the health of the housing market is really dependent on the individual neighborhood. Some Houston neighborhoods are simply outperforming others. Considering where to buy or when to sell is really dependent on the neighborhood in which you live.If you have any questions regarding the report or if you have questions regarding an area that Norhill’s Market Report does not cover, please feel free to give me a call. We look forward to your feedback.