The Woodlands Real Estate Blog

THE WOODLANDS, TX- The demand for homes sales in Houston continued to surge in October, but this may leave future buyers with limited options.

According to a report from the Houston Association of Realtors, during this last month, single-family homes sales in Houston increased 32.7 percent on an annual basis. This marked 17 consecutive months of increased transactions.

The rising sales rate are on par with Texas' growing economy, as a greater number of households gain the financial stability needed to purchase a new home in The Woodlands or Memorial Houston or any other community in the Greater Houston area.

""Our active real estate market reflects the general health of the Houston economy, most notably the addition of close to 96,000 new jobs over the past year"" said HAR chairman and CEO Wayne Stroman.

However, at the current sales rate, Houston real estate has just a 4.4-month supply, marking the smallest inventory in more than a decade. This could make it difficult for some buyers to find available property next year, but rising residential construction activity could help fill this void.

For more information about home sales in Houston and The Woodlands, please contact The Woodlands realtor Luis Tamborrel at (832) 482-9367.

Source: 2mrealty.com