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Houston: despite sliding oil prices, mid-range housing holds its ownHouston: despite sliding oil prices, mid-range housing holds its ownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120922016-02-12T06:00:00Z2016-02-12T19:00:00Z

​​HOUSTON - Despite the downturn in the energy industry, Houston’s housing market made it through January relatively unscathed.

On a year-over-year basis, single-family homes sales declined slightly, total property sales and total dollar volume were flat and average and median sales prices rose.​

Single-family home sales decreased just 2 percent year over year to 4,024, the Houston Association of Realtors reports. ​

Houston's housing inventory has held above a 3.1-months supply since May 2015, climbing to a 3.5-months supply last summer and settling at a 3.3-months supply in January. 

​​​That compares to a 2.5-months supply in January 2015. For perspective, the national supply of homes reported by the National Association of Realtors (NAR) currently stands at 3.9 months.​


Houston Association of Realtors
Houston-The Woodlands-Sugar Land
Housing
http://www.har.com/content/mls/?m=2&y=16

​Be sure to check out Houston's Housing Market Research for more free data!

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