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.


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