November Monthly Market Comparison(HAR report)
The Houston real estate market generated positive readings overall in November. Single-family home sales, total property sales, pricing and total dollar volume all increased compared to November 2018, however inventory held steady. Month-end pending sales of single-family homes totaled 6,925. That represents a 23.5 percent increase over last year. Total active listings, or the total number of available properties, rose 5.2 percent to 42,139.
The November inventory of single-family homes was flat at a 3.8-months supply. It is the first time in 2019 that the Houston area saw no growth in the supply of homes – not unusual given that fewer homes are typically listed during the holidays. For perspective, housing inventory across the United States currently stands at a 3.9-months supply, according to the latest report from the National Association of Realtors® (NAR). That is down from 4.1 months.