Houston Housing market

(HAR Report): Days on Market (DOM), or the number of days it took the average home to sell, dropped from 59 to 47. Despite a 2.5 percent increase in new listings in September, inventory registered a 2.4-months supply compared to 3.8 months a year earlier and is near levels last seen almost six years ago, in December 2014. It is also below the current national inventory level of 2.7 months recently reported by NAR.