August Monthly Market Comparison(HAR report)
The Houston housing market registered across-the-board gains in August. Single-family home sales, total property sales, pricing, total dollar volume and inventory all increased compared to August 2018. Month-end pending sales of single-family homes totaled 8,547, a 16.8 percent increase over last year. Total active listings, or the total number of available properties, rose 8.2 percent to 45,062.
Single-family homes inventory expanded to a 4.2-months supply in August. That compares to 4.0 months a year earlier and is only slightly below the 2019 peak of 4.3-months supply reached in June and July. For perspective, housing inventory across the United States also currently stands at a 4.2-months supply, according to the latest National Association of Realtors (NAR) report.