Houston Market Movements - Week of Jan 16th

Depending on if there is less inventory with moderate price gains and higher mortgage rates, the start of the year could likely be in favor of the seller. On the other end of the spectrum, deals may be harder to come by if 2017 starts wading into the buying pool with more fervor and there is less inventory.

  • New Listings decreased 0.9% to 2,341
  • Pending Sales increased 6.6% to 1,236
  • Closed Sales decreased 24.3% to 602

Source: HAR