Houston area single-family home sales fell 16.9 percent in August compared to a year earlier. August sales are down 5.0 percent compared to three years ago.
According to Houston Association of Realtors, days on market grew slightly, from 26 to 31 days on a month-to-month basis and from 27 to 31 days year-over-year. . Inventory is at a 2.5-months supply compared to 1.7 months a year earlier. This is the greatest supply of homes on the market since August 2020. The current national inventory stands at 3.3 months.