July Monthly Market Comparison(HAR report)
The Houston housing market held to positive territory in all categories throughout the month of July. Single-family home sales, total property sales, pricing, total dollar volume and inventory all increased in comparison to July 2018. Month-end pending sales of single-family homes totaled 9,207, a 19.0 percent increase over last year. Total active listings, or the total number of available properties, rose 9.6 percent to 45,498.
Single-family homes inventory grew to a 4.3-months supply in July. That is up from 4.1 months a year earlier and is only slightly below the 2019 peak of 4.4-months supply reached in June. For perspective, housing inventory across the U.S. currently stands at a 4.4-months supply, according to the latest National Association of Realtors® (NAR) report.