March News You Can Use
Houston currently has the lowest supply of homes it has ever seen. Although inventory is in short supply, February real estate sales were in positive territory for the 33rd month in a row. The long-term shortage of housing is still resulting in bidding wars, which continue to push prices up. Houston currently has a 2.6 month supply of homes down from a 3.6 month supply one year ago. The national figure is 4.9 months of inventory.
