As you read here earlier this week, single family home sales exceeded those of June 2014. I had expected at most a 2% increase. However, the last minute spurt of recording closings propelled the June result to 4.2% more than last year. I advised you that June 2015 would be one of the two highest sales months ever and could possibly be the highest. With the strong sales performance. June 2015 is by far the month with the highest number of single family home sales.
Here is the press release from The Houston Association of REALTORS® (HAR) press release for June results.
My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in June will slightly exceed the number sold in June, 2014, probably by one or two percent. This may sound like anemic growth until you understand that June 2014 was the third highest month of sales ever.
Houston Association of REALTORS® (HAR) has issued its monthly news release. Once the statistics are provided, I will provide a more detailed and nuanced analysis. Check back here for more news. Home prices climb to historic highs and inventory levels improve The Houston housing market has been on a see-saw ride this year, with home
The fundamental metrics that I watch indicate we are experiencing a significant change in Houston’s housing market. Early indications show that Houston will record an 8% to 9% increase in single family inventory in May 2015. For the first time in 7 months the inventory level will be more than 3 months.
I was much too conservative in my earlier post today. Single family home sales were more than 250 homes higher than I expected. What a great year!
Much of the media would have you believe that demand for homes is slowing substantially due to the reduction in oil prices. If that is happening you cannot see it in the sales numbers for December.
My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in December will exceed the number sold in December, 2013, probably by double digits.
While a slight reduction in inventory was expected for Houston home sales in November, no one expected the inventory to drop almost 4% or more than 650 homes. Inventory now stands at 2.68 months.This is the lowest level since May 2014. As reported earlier, Houston single family home sales in November totaled 5,092, 1.8% increase
Here is the Press Release from Houston Association of REALTORS® (HAR) for November home sales. Inventory level tightens while prices reach November 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
My early analysis of available data from The Houston Association of REALTORS® (HAR) indicates that the number of single family homes sold in November will be near the number sold in November, 2013. There were 5,052 single family homes sold in November, 2013. The number of single family homes sold in Houston in November 2014 will be near that level, I believe the final result will be slightly higher than 2013.