Houston Real Estate in January: Sales declined 8% YoY, Inventory Up 17%

Houston set a record for sales in 2018. However, the year ended soft, and with lower oil prices - in addition to higher mortgage rates - 2019 is off to a slow start. From the HAR: Houston's Housing Market Cools in January Fresh on the heels of a record-breaking 2018, home sales across greater Houston began the new year at a dramatically slower pace. Sales volume fell in all pricing segments in January, including the luxury home market, which saw its first decline in 12 months. However, rental activity was strong, and inventory levels continued expanding, providing consumers with more choices......(read more)

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