HAR has released the full report for the Houston Real Estate Market.
You can read the full report here and also I'll give a little bit of commentary below.
The never ending story of Houston Real Estate is that the average sold price is up 4.4% year over year to an average sale price of $406,492.
Inventory is now holding pretty steady in that 4 - 4.5 months of inventory range for the last 6-8 months so it seems we have stabilized into a pretty balanced market. I do expect this to draw down just a tad as we get into the Spring and Summer and I expect to see the inventory level go back up as we get into fall. Moral of the story is this is the time to talk with me about selling if that is your goal this year.
We also finished the month of January with more pending sales than a year ago so we're setting up for a better Feb than last year.
Overall the Houston Real Estate Market still shows signs of stability and growth, although not quite the rocketship we had a couple years ago. :)
