September Monthly Market Comparison(HAR Report):
Despite the ongoing coronavirus pandemic, home buyers were out in force in September, still taking advantage of historically low mortgage interest rates even as the selection of available housing dwindled. Houston real estate saw its fourth consecutive month of positive sales. On a year-to-date basis, the market is running 5.4 percent ahead of 2019’s record pace. Single-family home sales, total property sales and total dollar volume all rose compared to September 2019. Pending sales jumped 43.7 percent. However, total active listings – or the total number of available properties – fell 25.4 percent.