Real Estate Market News for August 2023

Leslie Lerner Properties

Real Estate Market News for August 2023

Housing Stats • Brown Grass


It may be hot outside, but Houston area home sales are cooling off and listings and inventory are growing. On a year-to-year basis, home sales across Greater Houston were down for a 16th straight month in July, but the rate of decline was the smallest in more than a year. Single-family home sales fell 8.5 percent year-over-year. That is the lowest decline since sales dropped 7.6 percent in June 2022. Months supply of homes climbed to 3.2, the highest level since May 2020 when it was 3.3.

>>Learn more about the Houston housing market and what to do with brown grass.


About the author

Leslie Lerner Properties understands that buyers and sellers are tired of having to account for high commission rates when budgeting for their home sale and/or purchase. That is why we have put our clients first by implementing flat fee listings and rebated real estate commissions. Our innovative approach to real estate commissions maximizes your return on investment. Why reduce the equity in your home with high commission rates? Leslie Lerner Properties is The Home of Flat-Fee Listings and Rebated Commissions.