Northeast Houston Housing Market Update – August 2014

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.

August was a great month for the Houston Housing Market, showing gains in both sales volume and home prices. Keller Williams Northeast realtors closed a whopping 20.5% increase in sales over August 2013 and increased their listing volume by 142.7%, outperforming the entire Houston Association of Realtors (HAR). Inventory remains low at a three-month supply. 

“The Houston housing market is going strong as we transition from summer to fall, and enough new listings have hit the market over the past month to keep inventory levels stable,” said HAR Chair Chaille Ralph with Heritage Texas Properties. “One of the factors that continues to fuel real estate and our local economy in general is the ongoing creation of jobs. Houston is definitely a desirable destination for many people across the country.”

The September 2014 Economy at a Glance report mentions that Houston has created 112,200 jobs in the past year, representing a 4% annual growth rate. Houston leads the nation’s major metros for job growth, ahead of Dallas / Fort Worth (at 3.9%) and Miami (at 3.3%). Days on the market is at a second all time low of 45 days. If you’re having trouble finding your dream home, these stats tell you why! Our real estate experts know our community – give us a call and let them work their magic for you in this exciting real estate market.

To handle the influx of job creation and the general attractiveness the Greater Houston area holds, many new housing developments in Northeast Houston are in the process of being developed, some with new construction available as soon as end of 2014. These developments include (but are not limited to) The Groves, Rivergrove, and Tavola. For more information on these luxurious new Northeast Houston housing developments, contact our expert real estate agents today!

Send an E-Mail

Please complete the following form and one of our real estate agents will contact you to discuss.
  • This field is for validation purposes and should be left unchanged.