December Monthly Market Comparison
The Houston housing market generated mixed results in December, with single-family home sales and total property sales down, but total dollar volume and pricing all up compared to December 2017. Month-end pending sales for single-family homes totaled 5,120, an increase of 2.2 percent versus 2017. Total active listings, or the total number of available properties, jumped 13.3 percent from December 2017 to 37,554.
Single-family homes inventory grew slightly from a 3.2-months supply to 3.5 months. For perspective, housing inventory across the U.S. currently stands at a 3.9-months supply, according to the latest report from the National Association of Realtors (NAR).