Houston Real Estate in August: Sales Up 7% YoY, Inventory Down 23% YoY

From the HAR: Houston Real Estate Registers Another Strong Performance in August Following a July that vaulted Houston real estate into the record books, August proved to be another healthy month for home sales despite the lingering coronavirus pandemic. The high end of the market staged the strongest performance, pulling up overall pricing along the way. However, with a decline in the number of listings for sale coming on the market, inventory has now fallen to its lowest level in five years, setting the stage for moderating sales in the weeks ahead despite historically low interest rates.......(read more)

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