Some Facts About the Houston/Katy Texas Real Estate Market
We here so much negative news about how buying real estate is a bad investment at this time...one NBC so called expert advised potential buyers to hold off....he said the should rent instead of buy!
We wanted to share some statistics from the Houston and Katy Texas Market. These statistics pertain to December 2006 vs. 2007 and show why all real estate is local! All stats are provided by the Houston Association of Realtors (HAR).
Average Single Family home price 2006- $204,843, 2007- $216,433, increase of 5.7%
Median Single Family home price 2006- $150,000, 2007- $153,630, increase of 2.4%
The 83,432 homes sold in 2007 makes it the SECOND BEST YEAR ON RECORD for the Houston/Katy Market!
Please feel free to contact us about any of your Katy area real estate needs. We are always available to answer questions, give area tours, or just tell you why we think Katy is one of the best areas of the Country to live, work, and play