Houston Realtor's Market Report

Real Estate in Houston is off to a great start in 2011. Although it is only early February, we are already seeing some very promising signs that buying a home in Houston will be a great move this year. Our first glimpse of the market came with promising signs for the first few weeks. Here are a few:

• For the week ending January 30, 2011, total pending sales have increase 18.1 percent compared to a year ago.
• For the same week, new listings dropped 8% indicating a reduction in available inventory
• Viewing January 2011 compared to 2010, we have seen gains across almost all segments of the market.

As the year progresses, we will have to keep an eye on foreclosures and some constriction in lending practices. Check back for more information next month.

If you need a Houston Realtor to help you find a home, please contact Paul Silverman, Certified Negotiation Expert, to help find a home for you. Please visit our website at www.ourfirstnest.com