Houston Real Estate in May: Sales Down 20.7% YoY, Inventory Down 8.3% YoY

From the HAR: Coronavirus and Ailing Energy Industry Continue to Impact Houston Real Estate Houston home sales fell for a second straight month in May as the impact of COVID-19 and related stay-at-home orders continued to play out throughout the market. Growing consumer interest in in-person open houses and property showings, as well as an increase in offers to purchase, demonstrated improving market conditions . The slumping energy industry limited buyers in the luxury home market, which affected the overall average price of single-family homes across the region. Predicting the future of the ......(read more)

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