The local housing market continued to favor buyers last month, although that may be changing. At the end of August, there was a 7.1-month supply of homes for sale – meaning it would take that long to sell all the homes on the market based on recent activity, according to the Houston Association of Realtors. A year ago, the area had an eight-month supply.
“We’re starting to deplete some of our inventory, which is a good thing,” said Cathy Trevino of Prudential Gary Greene, Realtors.
While the real estate market may still be recovering, there have been other positive changes. Single-family homes sales rose sharply in August, jumping 30 percent over last year, the association said. Sales totaled 5,543, marking the third straight monthly increase this year.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at firstname.lastname@example.org