A Record 44,000 Homes For Sale In Houston
This blog doesn't get a lot of comments from Houston, probably because they haven't had a big run up in prices. But this month the reports contain the same increases, including record inventory. "All listing categories combined, Houston's overall housing market in April experienced increases across the board including total property sales, average sales prices, median sales prices, available inventory and overall total dollar volume on a year-over-year basis."
"The number of available homes at the end of April was 44,144 properties, which was an 8 percent increase versus last April and a new all-time record."
The Houston area has a high foreclosure rate as well.