DECEMBER NEWS YOU CAN USE
Housing Stats ∙ Gratitude and Hope
HOUSTON HOME SALES CONTINUE TO FALL IN NOVEMBER
Houston homes sales declined for the second consecutive month and pulled the average price down with them, marking the first price decline since February 2012. November single-family home sales fell 10.5 percent, while inventory grew from a 2.7-months supply last November to a 3.4-months supply this year. Only homes in the $150,000 to $250,000 price segment experienced positive sales volume. Luxury home sales dropped 22 percent, which accounted for the decline in average price. Sales of all property types was down 10.1 percent compared to last November.
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