Houston Real Estate in July: Sales Up 25% YoY, Inventory Down 19% YoY

From the HAR: July Home Sales Across Houston Reach Record Territory A continued surge in closings from homes that went under contract after the lifting of COVID-19 stay-at-home measures propelled Houston real estate into record territory in July – surpassing June's stronger-than-expected performance. However, a dwindling supply of homes caused by the burst of homebuying and home sellers holding back amid the ongoing COVID-19 crisis will make it difficult to keep up with the strong buyer demand. According to the latest Houston Association of Realtors (HAR) Market Update, 10,975 single-family......(read more)

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