Houston home sales volume falls for 14th straight month
The Houston Association of Realtors says single-family home sales fell 10.4 percent year over year in May amid high interest rates and home prices.Houston home shoppers are finding more options on the market as relatively high prices and interest rates again slowed sales by double-digits in May.
The average price, meanwhile, fell by 1.6 percent to $431,378 in May, or nearly $7,000 less than the May 2022 record. "Low inventory continues to be the state of the market," said Dan McCarver, a real estate agent with Better Homes and Gardens Real Estate Gary Greene - Bay Area/Clear Lake."You get a rush of showings when you put a property on the market. There are definitely buyers out there. I think they've reconciled themselves to the higher interest rates."
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