JANUARY NEWS YOU CAN USE
Housing Stats ∙ New Innovations for the Home Unveiled
HOUSTON REAL ESTATE MARKET BROKE RECORDS IN 2014
2014 was a record year for the Houston housing market with home sales volume and prices at record highs while inventory levels were at record lows. There were 75,319 single-family closings and 91,202 total closings, representing the most transactions in the history of Houston real estate. Months inventory began the year at a 2.6-months supply, and while it crept up to a 3.0-months supply over the summer, it ended the year at a record low 2.5-months supply. According to the Texas Workforce Commission, the extreme real estate activity was primarily driven by the addition of more than 125,000 jobs that attracted buyers and renters from across the U.S. and around the world between November 2013 and November 2014.
December sales of all property types in Houston totaled 7,695, an 11.0 percent increase over the same month last year. December single-family home sales increased 11.6 percent versus December 2013 while total property sales rose 11.0 percent.
>>>Read more about 2014’s housing stats, new innovations and more.
