From a heart-of-summer perspective, the residential real estate market has performed as expected when predictions were made at the front of the year. Total sales and new listings are generally behind last year's levels from week to week, but there is evidence of improvement in both metrics.
In the Houston region, for the week ending July 9:
- New Listings increased 3.1% to 3,012
- Pending Sales increased 7.4% to 1,853
- Closed Sales decreased 2.6% to 1,215