June News You Can Use
Housing Stats • 2019 School Report Card • Recasting vs. Refinancing
HOUSTON HOME SALES HEAT UP IN MAY
Houston home sales in all price ranges gained momentum in May, while inventory continued to increase. Since February, homes priced from $250,000 – $500,000 have had the largest gains. Inventory of single-family homes increased to a 4.2-months supply. That is up from 3.9 months last year and is the largest supply of homes since August 2017. The average days on the market dropped to 53 days. Days on the market is closely tied to pricing the home correctly when initially listed. Homes that are overpriced, and do not correlate with location and condition, tend to sit on the market longer.
