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Wednesday, October 10, 2018

Houston Real Estate in September: "Market Cools"

by Calculated Risk on 10/10/2018 02:47:00 PM

From the HAR: The Houston Housing Market Cools in September

After a sizzling summer of home sales and rentals, the Houston housing market cooled in September, showing no apparent lingering effects of Hurricane Harvey as it did in August.

According to the latest monthly report from the Houston Association of REALTORS® (HAR), 6,548 single-family homes sold in September compared to 6,953 a year earlier. That represents a 5.8-percent decline. On a year-to-date basis, however, home sales are running 5.6 percent ahead of 2017’s record volume.…
September sales of all property types totaled 7,842, a 4.4-percent decrease over the same month last year.
Total active listings, or the total number of available properties, climbed 5.7 percent to 41,560.
emphasis added
Another market with sales down and inventory up.