October Monthly Market Comparison(HAR report)
The Houston real estate market registered across-the-board gains in October. Single-family home sales, total property sales, pricing, total dollar volume and inventory all increased compared to October 2018. Month-end pending sales of single-family homes totaled 7,682. That represents a 19.7 percent increase over last year. Total active listings, or the total number of available properties, rose 6.9 percent to 43,468.
The October inventory of single-family homes grew slightly to a 4.0-months supply compared to 3.9 months a year earlier. However, it is below the 2019 peak of 4.3-months reached over the summer, in June and July. For perspective, housing inventory across the United States currently stands at a 4.1-months supply, according to the latest report from the National Association of Realtors (NAR).