September Monthly Market Comparison(HAR Report):
The Houston real estate market held to positive territory for a second straight month in September with mostly healthy readings across the board. Pending sales increased 11.1 percent. However, total active listings — or the total number of available properties —remains down 12.0 percent compared to the same time last year as buying remained strong.
Single-family homes inventory reached a 1.8-months supply. While that is down from 2.4 months last September, that is the biggest supply of homes the market has had in 2021 and was buoyed by a 1.3 percent increase in new listings. Housing inventory nationally stands at a 2.6-months supply, according to the latest report by the National Association of REALTORS (NAR).