by Calculated Risk on 12/12/2018 01:33:00 PM
Wednesday, December 12, 2018
From the HAR: Houston Real Estate is on Track for Another Record Year
In a display of textbook seasonality, with the holidays sending consumers into their annual retail frenzy, Houston home sales slowed slightly in November. However, it was not enough to knock the real estate market off its record-setting pace.Another market with inventory up, but not a huge increase.
According to the latest monthly report from the Houston Association of Realtors® (HAR), 6,159 single-family homes sold in November compared to 6,285 a year earlier, representing a 2.0-percent decline. On a year-to-date basis, home sales are 4.6 percent ahead of 2017’s record volume. Inventory edged up from a 3.6-months supply to 3.9 months.…
Sales of all property types totaled 7,400 – statistically flat versus last year.
Total active listings, or the total number of available properties, climbed 8.9 percent to 40,530. Single-family homes inventory saw some growth in November, reaching a 3.9-months supply versus a 3.6-months supply a year earlier.
Posted by Calculated Risk on 12/12/2018 01:33:00 PM