Houston Real Estate Market Report - Nov 2014
By James Potenza Texas Buyer Realty, Buying, Selling, Relocating, New Construction
(Texas Buyer Realty)
MLS Report for November 2014 HOUSTON HOME BUYERS KEEP THE MARKET BUZZING IN NOVEMBER Inventory level tightens while prices reach November highs HOUSTON — (December 10, 2014) — Homes appear to be high on holiday shopping lists as consumers continued to snap up properties in November, pushing prices up once again while driving the supply level down. The majority of the month’s sales activity took place among homes priced between $250,000 and the millions. According to the latest monthly report prepared by the Houston Association of Realtors (HAR), single-family home sales totaled 5,092 units, an increase of 1.8 percent compared to November 2013. Months of inventory, the estimated time it would take to deplete the current active housing inventory based on the previous 12 months of sales, ...
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