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News You Can Use
Houston Real Estate Market Update As Of Year End 2015
Houston Real Estate Market Update As Of Year End 2015
The Houston market continues to decline as the price of oil causes both layoffs and less relocation to Houston. Month’s inventory for sale came down to 3.2 from the 3.5 months available this summer and fall, and compares to 5.1 months nationally. The total number of sales was down 9.9% from December 2014, and the dollar volume down 10.9%. Pending sales closings are also down, pointing to a continuing slow down as the year unfolds. The supply of homes for sale is up 18.7% from a year ago, with 30,651 active listings compared to 25,821 a year ago. (Read More)
