Tales of multiple buyers bidding up prices are pretty common in Houston. But how often do sellers actually get more than they ask for when selling a house? Turns out, nearly one in five sellers fetch that premium. The Houston Association of Realtors crunched the numbers and found that out of the 73,232 single-family houses that sold in 2013, 12,877 closed for more than the original list price. That works out to 18%. In 2012, by comparison, 7,255 out of 62,693 single-family homes (12%) closed above the original list price. “Houses are getting more expensive. There’s more competition for them,” said Cheri Fama, president of John Daugherty, Realtors. “People are waiting for the inventory to come on the market, so they are eager to buy.” [Read this article]
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