After a down month in September, directly influenced by the surge in post-Hurricane Harvey home sales exactly one year earlier, the Houston real estate market returned to more normalized conditions in October with gains in both sales volume and pricing.
According to the latest monthly report from the Houston Association of REALTORS® (HAR), 6,716 single-family homes sold in October compared to 6,417 a year earlier. That translates to a 4.7-percent increase. Year-to-date, home sales are 5.3 percent ahead of 2017’s record volume. Inventory grew slightly from a 3.7-months supply to 3.9 months.