Houston Market Movements - Week of July 10th

Across the country, economic conditions affecting residential real estate have not changed much this year, which is good for market stability. The most recent jobs report was favorable, while unemployment and mortgage rates both remain satisfyingly reasonable. If there were more homes for sale, we might see a shift in prices. Although builder and seller confidence are high, we are not close to a trend change in that regard.

Picture1.png
  • New Listings increased 1.7% to 3,219
  • Pending Sales increased 17.5% to 2,187
  • Closed Sales remained flat at 2,741

Source: HAR.com