We wish it was fireworks, but we will take what we can get. The Houston real estate market sparkled in July with a small sales increase in all price ranges on a month-to-month and year-to-year basis. Per HAR, July single-family home sales totaled 8,953, up 11.6 percent year-over-year. This exceeds the last one-month sales volume record set in June 2018 (8,385). Sales are 3.0 percent ahead of 2018’s volume. Last month, housing inventory decreased to a 4.3-months supply. The average days on the market increased to 50 days.
|Category||Jan. 2019||Feb. 2019||Mar. 2019||Apr. 2019||May 2019||June 2019||July 2019||Aug. 2019|
|Total Property Sales||5,011||6,388||8,475||9,063||9,948||9,461||10,478||10,375|
|Total Active Listings||38,872||39,304||41,127||42,086||43,624||45,262||45,498||45,062|
|Single-Family Home Sales||4,100||5,280||7,072||7,586||8,346||8,097||8,953||8,679|
|Single-Family Months of Inventory||3.7||3.7||3.9||4.0||4.2||4.4||4.3||4.2|
|Single-Family Pending Sales||6,528||7,310||8,740||9,467||9,169||8,796||9,207||8,547|
|Days on Market||65||68||64||57||53||49||50||52|
|Price Range||Jan. 2019||Feb. 2019||Mar. 2019||Apr. 2019||May 2019||June 2019||July 2019||Aug. 2019|
|$1 - $99,999||155||153||188||135||171||132||141||147|
|$100,000 - $149,999||340||392||461||438||445||377||490||423|
|$150,000 - $249,999||1,496||1,905||2,428||2,653||2,982||2,794||3,100||3,019|
|$250,000 - $499,999||1,164||1,647||2,275||2,543||3,009||2,846||3,089||2,991|
|$500,000 - $749,999||169||239||345||400||517||497||541||465|
|$750,000 and above||107||142||238||284||372||334||315||296|
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