May Monthly Market Comparison-HAR Report
May marked the 14th straight month of negative sales as Houston and real estate markets across the country continue trying to overcome persistent economic headwinds. Year-over-year single-family home sales were down 10.4 percent, but when compared to May 2019, before the pandemic, sales dropped just 1.3 percent, and stacked against May 2018, five years ago, they were up 6.4 percent.
In addition to the drop in single-family home sales, total property sales and total dollar volume also fell below last year’s levels, but at lesser rates of decline than in previous months. Single-family pending sales were down 2.3 percent. Active listings, or the total number of available properties, came in 45.4 percent ahead of the 2022 level.