Thursday, April 21, 2005

Record Number Of Homes For Sale In Houston

Real Estate is up in Houston. "All listing categories combined, Houston's overall housing market in March experienced increases across-the-board including sales, available inventory, pending sales and overall total dollar volume on a year-over-year basis."

Things are going gangbusters for sure, but, what's this? "The number of available homes at the end of March was 43,152 properties, which was an increase of 8.8 percent versus last March and a new monthly record."

If more homes are selling, why is there a record number on the market. That's a lot of inventory so who is rushing to market? Maybe some Houston area readers can help us out.


At 6:38 AM, Blogger Omari said...

This comment has been removed by a blog administrator.

At 6:39 AM, Blogger Omari said...

Hi Ben,

Love your's a typical Washington Post story about runaway DC region price increases:

It quotes one person as saying "supply and demand" explains the price jumps around usual the article does not probe a more interesting question: with all the new units of housing being built in the region, shouldn't there be enough supply to satisfy the region's job growth without huge price jumps?


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