Houston real estate market escapes national trends

California-based ZipRealty says because of continued high demand in the area, home sellers in Houston aren't cutting their prices as much as those in other parts of the country.

According to a recent report, the number of price-reduced homes nationwide has cuts have helped, as the inventory of price-reduced homes has fallen at a faster rate than the inventory as a whole. In nine of the 26 cities included in the report, price-reduced homes outnumbered all others.

However, the buyers in the Houston real estate market may not find as many deals. Just 43 percent of Houston listings had a price cut, and when they did, the average reduction was just 5.6 percent - the fourth-lowest of any city in the report. By comparison, homes in Orlando were generally reduced by more than 12 percent.

The strong local real estate market is due partially to a better-than-average jobs market in Houston. ABC News recently called Houston one of the top cities in the country in terms of its hiring trends, using data from Moody's Analytics and Monster.com.