October Monthly Market Comparison
The Houston real estate market registered across-the-board gains in October, with single-family home sales, total property sales, total dollar volume and pricing all up compared to October 2017. Month-end pending sales for single-family homes totaled 7,039, which represents a 5.4 percent increase over last year. Total active listings, or the total number of available properties, climbed 7.3 percent to 41,061. Single-family homes inventory remains tight, reaching a 3.9-months supply in October versus a 3.7-months supply a year earlier. For perspective, housing inventory nationally stands at a 4.4-months supply, according to the latest report from the National Association of REALTORS® (NAR).