Houston area housing inventory has reached a 2.0-months supply, while sales have started to cool down. The Houston area hasn’t had a 2.0-months supply since November 2020. Housing inventory nationally is at a 2.6-months supply according to NAR. A 6.0-months supply is typically considered a balanced market.
Year over year, single-family home sales fell 8.6 percent. However, sales were slightly better than March to May of this year on a month-to-month basis. The days on market dropped to 28.
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