Most of the submarkets in Houston are in “balanced” or “normal” inventory conditions…that means neither the seller or buyer has an advantage. Real estate is local, and will differ among submarkets and price points. Currently there are only a few submarkets that are “buyer’s markets”. Click here for a detailed snapshot of the markets Greenwood King tracks, or call me!
The Memorial Villages ended the year with steady sales prices, higher inventory (noteably new construction), and strong lot prices. The table above is as of December 11th. There were several year end closings of lot sales at similar prices of the yearly averages. The decline in oil price has not affected lot sales yet.