According to HAR, buying continues even though inventory has shrunk to its lowest level that Houston has ever seen. Purchase prices are still positive for 33 straight months. Homes sales climbed 8.3% over 2013. In February alone, single home sales, were 4,765 for the Houston area. While the Houston average inventory is 2.6 months, The Woodlands is much lower. It is considered a Seller's market if the inventory is less than 6 months and a Buyer's market if the inventory is over 6 months. Again, according to HAR, foreclosures have dropped 44% and now only comprise 8.6% of the sales.
If you would like any more information on these stats, please email me at pam@countonchris.com or give me a call at 832-302-7773. Let me help you find your dream home. Give me a call.
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The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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