02 Apr
Early Look At March Home Sales In Houston – The Record Continues, 34th Month of Increased Sales

My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in March will show an increase compared to March 2013. I expect the increase will be less than 10%. This will make March the 34th consecutive month with increased home sales when compared to the same month last year.

18 Mar
Houston’s Record Low Inventory – What Does It Mean

The graphic above demonstrates better than words how far the inventory of single family homes has fallen. In May 2011 the inventory of single family homes was 33,111 at the end of February the inventory was 15,870, a 52% decline. With a decline in inventory occurring while sales increased, the decline of inventory in months, the industry measure, was even more dramatic. During this same period, the annual rate of sales increased from 50,065 in May 2011 to 73,685 in February 2014, a 47% increase.