Norhill Realty Posted January 12, 2010 Share Posted January 12, 2010 Norhill Realty presents our 4th Quarter Market Report forthe Greater Houston area. This report tracks several key neighborhoodswithin Greater Houston's Inner Belt, and breaks down the number ofsales, median days on market, average sales price, and the months ofinventory. We then compare the 4th Quarter figures with thoseof the previous Quarter. In this month's report, the thing that pops out at us themost is the decline in inventory levels. Lack of significant New Constructioninventories and apprehension among prospective sellers appear to be drivingthis phenomenon. These lower inventory levels are helping to prop upprices. Although some neighborhoods performed better than others, overallthe average sales prices for Single Family Homes and Townhomes/Condos were upfrom the 3rd quarterto the 4th quarter. This maypresent opportunities for home builders in the coming months for NewConstruction, as well as for potential home sellers who are looking for theright time to sell and upgrade to a different community or larger home. Thelonger prices remain stable, the more confidence will build among marketparticipants. Quote Link to comment Share on other sites More sharing options...
TheNiche Posted January 12, 2010 Share Posted January 12, 2010 You should provide figures for 4Q 2009, 3Q 2009, and 4Q 2008. The extra data point allows your audience to see past seasonal trends and will improve the quality of your analysis. Charts & graphs also help. Quote Link to comment Share on other sites More sharing options...
Norhill Realty Posted January 14, 2010 Author Share Posted January 14, 2010 I appreciate the feedback. We are planning to make that change on our 1st Q 2010 report. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.