Houston housing market currently balanced, but houses cost more

Houston is in a balanced housing market, even though inventory is above the national average.

The median price for a house increased 2.9 percent to house in Houston is at an all-time high of $252,000.

Houston Association of Realtors chair Shannon Cobb Evans said the biggest thing is that inventory is up.

"When the inventory's up, there's not as big of sense of urgency. People are out looking. There's a lot more choices. It is a balanced market, but there's a lot more opportunities for buyers right now," said Cobb Evans.

She said some sellers get concerned with a slight uptick of inventory. But, it's better for buyers giving them some breathing room and more options

"We have a 4.4 month supply of inventory and the national average is 4.3," said Cobb Evans.

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