Although better than 2020, the Houston area housing market saw a slight decline in sales last month while there was a small uptick in supply. Sales of all property types rose 9.2 percent year-over-year. Local home sales are 17.4 percent ahead of 2020’s pace. In July, a majority of buyers were paying about .3% above list price. That dropped to .4% below list price in August.
Inventory has creeped up to a 1.9-months supply, down from 2.6 months last August. The national inventory is currently at a 2.6-months supply. Days on the market remained at 26.