April Real Estate Blowout: Recovery Is Underway
"April marked the eleventh straight month of growth in Houston home sales. Total sales and sales of single-family units registered increases of nearly 10% each over April of 2011. The average price of a single-family home rose by 11% year-over-year to $223,000. Rising demand pushed down the inventory of single-family homes by 27% compared to a year earlier. The Houston Association of Realtors expects tighter inventory will continue to push prices upward and spur new home construction in the coming months."
And add Tuscaloosa as No. 32:
"April home sales in Tuscaloosa experienced a 25.2% increase when compared to April 2011. The last time Tuscaloosa's real estate market experienced positive sales growth in April when compared to the previous year was in 2010 and that was primarily due the home buying tax credit. April marks represents the eleventh consecutive month that Tuscaloosa home sales have improved when compared to the same month from the prior year."
And add Orange County as No. 33:
"Orange County had the fastest April home-selling pace since 2006. Overall, house shoppers bought 2,920 residences last month, up 17.5% in a year."