From the latest MLS release with October 2015 residential sales statistics: After performing largely on a par with the record 2014 sales year, the Houston real estate market lost momentum in October as the downturn in the oil industry coupled with the traditional fall season slowdown sent sales into a double-digit decline.
According to the latest monthly report prepared by the Houston Association of Realtors (HAR), October single-family home sales dropped 10.2 percent with a total of 5,873 sales compared to 6,541 a year earlier. That marks the fifth time this year that sales have fallen.
For the complete report on the real estate market and statistics, look here.