June News You Can Use, Housing Stats, Contract Changes & More
Housing Stats ∙ Contract Changes – What They Mean to You
HOUSTON HOME SALES DECLINE FOR THE FIRST TIME IN THREE YEARS
The lack of residential housing inventory has resulted in Houston’s first home sales decline in three years. Sales volume fell for the first time since May 2011. Single family home sales totaled 7,145 units in May, which is a decline of 7.3% compared to May 2013, according to he Houston Association of Realtors (HAR) report. Inventory increased to 2.8 months after being at 2.6 months since December. The national average is a 5.9 month supply.
>>>Read more about Houston’s housing statistics, contract changes and more.
