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Housing Stats ∙ Paint Instead of Replace
HOUSTON HOME SALES AHEAD OF 2016, BUT DOWN ON A MONTH-TO-MONTH BASIS
Houston single-family home sales rose for the tenth straight month compared to July 2016, but fell since June 2017. Prices seem to be leveling out.
Single-family homes inventory rose from a 4.0-months supply last July, to 4.5 months in July 2017. That is also a slight increase from 4.4 months in June 2017. Across the U.S., inventory is at a 4.3-months supply. The average days on the market fell to 48 days.