From Houston Association of Realtors: HOUSTON — (March 18, 2014) — Despite the lowest supply of homes for sale that the Houston housing market has ever seen, enough consumers purchased real estate in February to keep sales in positive territory for the 33rd straight month. That ever-shrinking housing inventory continues to push prices up in a basic display of supply and demand.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR), home sales climbed 8.3 percent year-over-year, with February single-family home sales totaling 4,765. That represents a larger one-month volume of home sales than the market experienced in January, but is down from the average one-month volume recorded in 2013.