Keller Williams Northeast Houston Housing Market Update – July

Keller 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.

The July 2014 Houston housing market saw the highest monthly total of sold homes ever recorded. Inventory has increased to a three month supply, up from the lowest inventory in 40 years. Sales in homes priced between $250,000 and $1,000,000 showed the greatest number of sales. The average price of a single-family home jumped over 6% versus last year. The Days on Market, the number of days it takes for a home to sell, reached record lows in July 2014, taking only 45 days from listing to a home sale.

If you are in the Houston housing 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