June Monthly Market Comparison(HAR report)
The Houston real estate market provided a mixed bag of readings in June. Single-family home sales, total property sales and total dollar volume declined when compared to June 2018 while pricing and inventory were on the rise. Month-end pending sales of single-family homes totaled 8,796, a 13.2 percent increase over last year. Total active listings, or the total number of available properties, climbed 11.0 percent to 45,262.
Single-family homes inventory grew to a 4.4-months supply in June. That is up from 4.1 months a year earlier and restores a supply level that prevailed before Hurricane Harvey affected the region in August of 2017. For perspective, housing inventory across the U.S. currently stands at a 4.3-months supply, according to the latest report from the National Association of REALTORS® (NAR).