Courtesty of Houston Association of Realtors
THE HOUSTON HOUSING MARKET HEATS UP IN MAY
Growing inventory helps meet increased buyer demand; pricing eases
HOUSTON — (June 15, 2016) — Steady growth in the supply of homes provided the fuel needed to help boost to the Houston real estate market in May, with single-family home sales up 10 percent year-over-year. As the market has seen for several months, the greatest concentration of home buying continued to take place among mid-range housing—homes priced between $150,000 and $500,000. The average and median price remained virtually the same as May of 2015.
Would you like to be my neighbor, literally? Check out my rudimentary video of the brand new homes for $100/sqft and 35 minutes from the Galleria (if you leave early enough :))
Bonbrook Plantation is located south of the Greatwood neighborhood about 5 minutes. The Grandparkway will be started in the future, extending further south of 99 down Crabb River Rd. In addition, Richmond/Rosenberg is getting an outlet mall. So, there is lots of opportunity out this way.