Tonight the City of Houston leads the nation in the housing market for the second year in a row.
David Odom- Harris is a seller/new home owner who walked us through his three bedroom three bath town home in Montrose.
"We put the house on the market and I think almost three weeks to the day we had a contract on it" Harris says,
his place sold so fast he's now without a place to live "when our offer came back as an all cash offer with an incredibly
short closing period we figured there might be a little bit of a gap." It'll be a few weeks to be exact
until Harris moves into his new home which is pretty common these days since Houston's real estate is booming. According
to the latest report by the Houston Association of Realtors, sales have jumped by 28 percent compared to last May with
contracts closing on close to 75-hundred single family homes. "We've had as many as 21 offers on a house
before so it's really crazy" says Tim Surratt an agent with Greenwood King Properties. To add to the "frenzy" H-A-R also
found that Houston's housing inventory reached a 13-year low. Surratt says that's why homes are selling within days even hours
and it's creating big business throughout all of the city of Houston.
"When someone buys a new house they get new furniture , landscaping, so it goes all the way through the
entire economy so it's good for everyone." Everyone including Harris who toured his home one final time "it's a little
bitter sweet" he says since it too flew off the market. "It doesn't matter the sales price from 300 thousand
to 3-4 million they are all selling very quickly" with the exception Surratt says of those homes that are "overpriced."