Houston Real Estate Market Hits Home Sales Bottom

Hitting a record low dating back to April, 1,731 homes were sold in the Houston market over the last 30 days. This represents a 1.7% decrease and comes on top of a 10-week steady downturn in sales activity. In comparison, Atascocita led all other nearby municipalities with 116 sales. As sales reached a bottom, months of inventory rose, trending up for four weeks to five months.

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Demographic facts for Houston:

  • The median age of all homes is 33.
  • The job growth rating in this area is 66. (Scale: 1 = Worst, 100 = Best)
  • This area has an average school expenditure per student of $4,620. ($5,691 = national average)

Data reported through 10/12/2016

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Keller Williams Metropolitan
Snapped 59 homes in this area
Camelot Realty Group
Snapped 2 homes in this area
Martha Turner Sothebys International Realty
Snapped 645 homes in this area

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