Home Sales in Houston Area Fell 10.5 Percent

The Houston area saw the second straight double-digit decline in home sales with a 10.5 percent fall in November, The Houston Chronicle reports.

“The townhouse and condominium market fell 10.3 percent in November and the median price plunged 15.2 percent to $130,000. Inventory grew to a 3.2-month supply,” the article says.

Some analysts see a grim year ahead for Houston, as more job cuts are expected next year due to the city’s declining energy industry.

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