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Housing Stats ∙ Spring Cleaning Made Easy
HOUSTON REAL ESTATE MARKET SUSTAINING ITSELF DESPITE ENERGY SLOWDOWN
During the month of March, the Houston housing market showed positve sales among mid-range homes and inventory continued to grow. The Greater Houston Partnesrship stated that Census Data showed that the Houston metropolitan area lead the nation in population growth in 2015, with the addition of 159,000 new residents. This infux of new residents could be fueling the current home sales despite the energy industry layoffs.
March sales of all property types in Houston was down 1% from the same month last year. Single family-home sales declined 2.2 percent versus March 2015. Total dollar volume for properties sold in March fell 2.5 percent. New listings increased inventory from a 2.8-months supply to 3.6 months.
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