Oct 15, 2015
Houston’s housing market untouched by gloomy forecasts
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 – 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.
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