2429 Bissonnet St. #545
Houston, TX
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Houston Real Estate Market Update for October 2015

Houston Real Estate Market Update for October 2015

he Houston market experienced a double digit decline in sales as buyers are pulling back due to both seasonal and oil price pressure. Days on market fr properties that sold is up from 51 to 53 days from a year ago, and months inventory for sale remains at 3.5 months compared to 5.2 months nationally. Though this looks encouraging, the total number of sales was down 11% from October 2014, and the dollar volume down 8.3%. Pending sales closings are also down, pointing to a continuing slow down as the year finishes. The supply of homes for sale is up 19% from a year ago, with 33,692 active listings compared to 28,333 a year ago. (Read More)

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2429 Bissonnet St. #545 | Houston, TX
(713) 395-1400

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