May Monthly Market Comparison
Measurements for the Houston real estate market’s May performance were largely positive, with single-family home sales, total property sales, pricing and total dollar volume all up compared to May 2017. Month-end pending sales for single-family homes totaled 8,991, a 12.1 percent increase over last year. Total active listings, or the total number of available properties, fell 1.4 percent to 39,478.
Single-family homes inventory was unchanged year-over-year, maintaining a 4.0-months supply, but is at its highest level since last August when it grew to a 4.3-months supply. For perspective, housing inventory across the U.S. also stands at a 4.0-months supply, according to the latest report from the National Association of REALTORS® (NAR).