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THE HOUSTON REAL ESTATE MARKET IS GETTING THROUGH THE ENERGY DOWNTURN
The Houston housing market is still showing strength, despite falling oil prices. Last month, single family home sales were down 2.1 percent versus January 2015. To date, there has not been a drastic shift in sales and pricing. Sales of luxury homes have suffered most, while mid-range housing has had nice sales volume and inventory levels have grown. Houston’s housing inventory has grown from a 2.5 months supply to 3.3 months.
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