The highest mortgage rates in two decades continue to hinder the Houston real estate market. October marked the 19th straight month of negative home sales.
According to the Houston Association of Realtors, single-family home sales across Greater Houston fell 3.4 percent year-over-year, the lowest monthly rate of decline all year. Months supply of homes climbed to 3.6, matching November 2019. Houston area homes averaged 4 days on the market in October.