September 2014 Houston Housing Market Update

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.

September was another great month for the Houston housing market, showing gains in both sales volume and home prices and dropping inventory to a low 2.9 month supply.

Single-home average prices jumped to $269,440, 8.9% over September 2013.  Days on the market remained low at 47 days – meaning from the time the home hit the market to close. Transactions are closing at record speeds right now. Active listings were 10.8% below September 2013. 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, The Bridges of Lake Houston, and Tavola. For more information on these luxurious new Northeast Houston housing developments, contact our expert real estate agents today!

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