June Monthly Market Comparison(HAR Report):
Houston real estate achieved its thirteenth consecutive month of positive sales in June, with frenzied buying continuing to dominate the highest-priced segment of the housing market.
Overall June sales trends were positive. Single-family home sales, total property sales and total dollar volume all rose in comparison to June of 2020. Pending sales increased 3.1 percent. However, total active listings – or the total number of available properties – remain 31.3 percent lower than this time last year.
Single-family homes inventory reached a 1.5-months supply in June, down from 3.0 months a year earlier. However, that is the highest supply of homes in 2021 since February, with levels down to 1.4 months and 1.3 months in March and April, respectively. Housing inventory nationally stands at a 2.5-months supply, according to the National Association of Realtors (NAR).