Houston Market Movements - Week of Aug 1

Across the U.S., homes are selling faster now than they have in the past six to seven years, resulting in the need for buyers to move quickly on a home purchase. Although high prices usually encourage more sellers to come forth, people have proven hesitant to put their homes on the market due to concerns about being able to find their own new and reasonably priced home. (This is something we've experienced in West U for years!)

In the Houston region, for the week ending July 24:
• New Listings decreased 1.5% to 2,847
• Pending Sales increased 17.8% to 2,233
• Closed Sales decreased 20.4% to 1,476

Closed Sales:

Closed Sales

Source: HAR