Houston Real Estate in December: Sales up 14.7% YoY, Inventory Up 3.6%, Record Sales Year

From the HAR: The Houston Housing Market Charges Across the Finish Line for a Record 2019 Low mortgage interest rates, healthy employment growth and a stable supply of homes created fertile ground for the Houston real estate market, which blossomed to record levels in 2019. Single-family home sales for the full year surpassed 2018's record volume by nearly five percent. December delivered the year's strongest percentage increase in single-family home sales. However, as 2020 gets underway, housing inventory has shrunk slightly, which could narrow options for consumers that may be hoping to buy ......(read more)

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