Houston’s housing inventory shrinks as luxury home sales stabilize in February

Several metrics improved in Houston’s housing market last month — including luxury home sales — but inventory is still constrained, the Houston Association of Realtors reports.  Single-family home sales increased 5.3 percent year over year to 5,260 in February. Total property sales were up 3.1 percent year over year to 6,375 in February, and the total dollar volume jumped 4.5 percent to more than $1.71 billion.  The luxury market — single-family homes priced at $750,000 and above —…

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