Houston’s housing inventory reaches an historic low in November (HAR Newsroom)

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HOUSTON — (December 17, 2013) — Houston home sales recorded a 30th straight month in positive territory in November, with buyers plunging inventory levels to an all-time low. The supply of homes fell to 2.9 months of inventory compared to 4.1 months in November 2012. Throughout 2013, inventory has dwindled from a 3.6-month supply in January to a 3.1-month supply in October, as more homes were being snapped up than were listed for sale.

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