Pending sales are higher than they have been in three years. And in general, home starts are on the rise, and the market remains strong during the busiest weeks of the year.
In the Houston region, for the week ending May 15:
• New Listings increased 7.4% to 3,040
• Pending Sales increased 18.5% to 2,205
• Closed Sales decreased 10.0% to 1,520