FEBRUARY NEWS YOU CAN USE
Housing Stats ∙ Design Trends for 2015 and Beyond
HOUSTON REAL ESTATE MARKET IS STARTING 2015 MUCH AS IT ENDED 2014
The Houston real estate market is starting off 2015, much as it ended 2014, with home sales and prices on the rise and inventory at historic lows. The majority of homes sold in in January took place among homes priced between $250,000 and $500,000. Sales slowed significantly for homes priced above $500,000. There is still speculation that sales will subside as a result of lower oil prices and limited inventory. Townhome and condominium sales have already started to decline.
The latest Houston Association of Realtors (HAR) monthly report states that single-family home sales totaled 4,032 units, an increase of 6.1 percent compared to January 2014. There is a 2.6-months supply of inventory versus a 2.7-months supply last January. The current national supply is 4.4 months.
