Inventory in Houston Starts 2014 on Wrong Foot, Drops 18.5%

by Peter Thomas Ricci

Houston’s housing inventory blues have not improved much with the New Year.


Houston’s housing market has distinguished itself from other national markets in several ways the past few months; unfortunately, the area’s rapidly declining housing inventory has been one such way.

Though Houston’s inventory in January remained among the largest for metro areas – for instance, it’s 5,285 properties is nearly 14 times that of San Francisco’s paltry 380 – that’s still down 18.5 percent from Jan. 2013, and that comes after the double-digits declines of 2013.

How does Houston compare with other metro areas? See our graph below, which collected the latest data from Movoto’s State of the Market report:

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