Houston's housing market untouched by gloomy forecastsHouston's housing market untouched by gloomy forecastshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108392015-10-15T05:00:00Z2015-10-15T18:00:00Z

​​HOUSTON - With the plunge in oil prices in the last year and energy sector layoffs, there’s been lots of predictions about a home market slump on the way in Houston.

Yet these dreary housing forecasts haven’t hit Texas’ largest metro.

Preowned single-family home sales were up 3.5 percent in Houston from year-ago record levels, and median home sales prices last month were 4.5 percent higher than in September 2014.

Total property sales are up 2.2 percent, with single-family home average price reaching a record $270,901.

Single-family homes months of inventory climbed 3.5 months supply, up from 2.9 month last year.

Houston is still posting home sales gains from 2014.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land

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