DECEMBER NEWS YOU CAN USE
Housing Stats ∙ Having a Positive Attitude During Times of Change
HOUSTON HOUSING MARKET IMPROVES IN NOVEMBER COMPARED TO SAME TIME LAST YEAR
The Houston area housing market has been gaining inventory, resulting in across-the-board gains in November. Sales of all property types, including homes priced at $500,000 and above were up from the same month last year. This is the first time the $500,000 and above market has increased since August 2015. On a year-to-year basis, home sales are up 2.7 percent compared to this time last year. Inventory levels have grown from a 3.4-months supply last November to 3.6 months this year. Housing inventory across the U.S. is at a 4.3-months supply.
