OCTOBER NEWS YOU CAN USE
Housing Stats ∙ Proposition 1 ∙ New Lending Laws
HOUSTON HOME SALES BACK UP IN SEPTEMBER
Houston homes sales were better in September after a slow August. The Houston housing market saw across-the-board gains in September 2015 vs 2014, while prices reached record highs for a September. Just as in August, homes priced between $150,000 and $500,000 saw moderate gains, while the low and high ends of the market declined.
September single-family home sales had an increase of 3.5 percent. It took 49 days for the average home to sell versus 48 days in 2014.
Houston housing inventory grew from a 2.9-months supply last September to a 3.5-months supply. Inventory has held at a 3.5-months supply for the past three months, but is still below the current national housing supply of 5.2 months
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