Houston Market Movements - Week of Sept 26th

As temperatures start to cool around the country, the total number of home sales cool as well. It’s just the seasonal nature of the housing market. But with household incomes on the rise within a healthy job market, that doesn't necessarily equate to a downward year-over-year trend. Continuing supply restrictions will certainly have an effect on numbers that may otherwise obviously point toward sunny day real estate. Here’s what’s happening locally:

• New Listings decreased 0.3% to 2,485
• Pending Sales increased 15.6% to 1,803
• Closed Sales decreased 3.7% to 1,638