Houston listings, prices increase

More homes are entering the Houston real estate market.As interest in the Houston real estate market heats up along with the spring weather, a report from Altos Research finds that home prices have continued to appreciate even as the number of available Houston properties continues to increase.According to the report, the number of properties for sale in the area increased by 0.8 percent in March, and is up 2.3 percent over the past three months, as sellers gear up for the spring homebuying surge.The prices of Houston homes have remained steady. Altos says the average price of just under $210,000 in March was up just 0.1 percent over the past three months, and up just 0.5 percent compared to February.On a national basis, the report found that the housing inventory was up more than 6 percent over the past 90 days, including gains as high as 16 percent in cities such as Boston.However, homebuyers continue to be in control. A recent American Express Spending and Saving Tracker survey found less than 50 percent of sellers felt they would be able to receive their asking price.Courtesy of 2M Realty News

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