River Oaks Houston houses for sale new pending contracts at all levers of the market

 

Where have all the sales been in 2013 in River Oaks? Closed contracts are at about half the level in 2012. While the Spring and Summer sales seasons struggled to keep up with the sales of prior years, the Fall has seen a dismal lack of activity. The usual peak in sales in October and November has been virtually absent this year.

Low inventory at the low end, and tired, overpriced inventory at the high end has been largely to blame.

(For a full paper copy of Cameron’s River Oaks Market Report, please contact him at link to the left.)