Houston Housing Market Minute Update

Houston Housing Market Minute Update

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Houston Housing Market is still on fire and here is how 2014 finished


December was a record month for the Houston Market. 

  • Single Family Home sales soared to an 11.6% increase over last years sales in December.

  • Single Family Home sales average home price increased to just over 280,000.

  • Total Volume for 2014 reached a historic high of $24 Billion Dollars in home sales, that's a 13% increase over last years total of $ 21 Billion Dollars.

  • December was such a strong month in home sales it shrank our inventory down to the lowest volume ever of 2.5 months of supply, substantially under the national average of 5.1 months of supply.


With so many record breaking months in 2014 we are sure to maintain momentum in 2015. We are however expected to what we call, "normalize" in 2015 due to declining oil prices in our market. Until next time, take care!


https://www.youtube.com/watch?v=FPyH__fzmNU


Mandy Lehman Headshot
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Phone: 210-473-8949
Dated: February 5th 2015
Views: 624
About Mandy: ...

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Mariner Realty
13185 FM 1097, Ste E
Willis, TX
936-225-5855
936-890-7799