January Monthly Market Comparison(HAR Report):
After turning 2021 into a record year, the Houston real estate market had a strong opening to 2022 with January single-family home sales up 7.1 percent year-over-year. Most of the other monthly measurements were also positive. Pending sales jumped 15.7 percent. However, total active listings — or the total number of available properties —remained down 14.2 percent as a result of steady homebuying trends throughout 2021.
Single-family homes inventory slid to a 1.4-months supply versus 1.7 months last January. Over the past 12 months, the highest inventory level has been a 1.8-months supply in August 2021. The lowest was 1.3 months from March through May of last year. Housing inventory nationally stands at a 1.8-months supply, according to the latest report from the National Association of Realtors (NAR).