The Full January numbers have been published by HAR!
Year over year, the average sales price in Houston is up over $52,000.
As crazy as the start of last year was.... the supply of homes this January was even tighter!
Across much of West Houston, we are down to a 1.4 month supply of homes where the typical "normal market" inventory is a 4 month supply. We only have about 1/3 of the listing inventory we should have.
Interest rates have been slowly rising over the last 60 days so time will tell if this will cause us to exit the crazy selling hysteria and see the inventory grow.
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