Houston Housing Market

2014 was a record year for the Houston housing market, with strong gains recorded in sales volume and pricing versus 2013. There were 75,319 single-family closings and 91,202 total closings, representing the most transactions in the history of Houston real estate. Months inventory began the year at a 2.6-months supply, and while it crept up to a 3.0-months supply over the summer, it ended the year at a record low 2.5-months supply. Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity.
The greatest one-month sales volume of 2014 was recorded in July, with 7,613 single-family closings. By contrast, the lightest one-month sales volume took place in January, with 3,930 closings. The biggest year-over-year sales jump took place in December.

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