Keller Williams Northeast Houston Housing Market Update

hr3385917-1Keller Williams Northeast Houston Realty strives to bring you the most current Houston housing market information so you can make the best decision on the buying and / or selling of your home.

May 2014 showed the first decline in home sales in three years due to lack of home inventory. Home sales declined 7.3% over last year, with the exception being home prices above $500,000 outpacing May 2013.

Foreclosure sales dropped 57.4% over last year. Due to lower sales, inventory has inched up to 2.8 months of supply.

If you are in the market to sell your home, now is a great time to do so. Low inventory and high demand helps increase the amount of offers you receive. Having an expert in your area to sell your home is a must to take advantage of this real estate market. Low inventory and high demand also makes finding a new home a little more challenging. Keller Williams agents are number one in the nation because they are experts at finding your perfect home.

If you are in the market to buy or sell a home, please contact our office today. We’d love to help you take this next step in home ownership.