October Monthly Market Comparison(HAR report);
Consumers snapped up what few homes were available, continuing to seize upon historically low mortgage interest rates even as COVID-19 cases nationwide began to climb. Houston real estate marked its fifth consecutive month of positive sales. On a year-to-date basis, the market is now running 7.7 percent ahead of 2019’s record pace. Single-family home sales, total property sales and total dollar volume all increased compared to October 2019. Pending sales shot up 38.6 percent. However, total active listings – or the total number of available properties – fell 25.9 percent.