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Housing Stats ∙ Memorial Day Sales Tax Holiday
HOUSTON REAL ESTATE MARKET IS HEALTHY DESPITE ENERGY INDUSTRY
The Houston housing market is not as strong as it was a year ago, but market conditions are considered to be more sustainable.
On a year-over-year basis, single-family homes sales, average price and total dollar volume were down slightly in April, while inventory levels grew. Single-famly home sales declined 0.6 percent versus April 2015. On a year-to-year basis, home sales are 1.6 percent ahead of last year’s pace, which could be due to to increasing from a 2.9 months supply of inventory to 3.6 months.
April sales of all property types in Houston was down 2.0 percent from the same month last year.
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