The primary selling season tends to begin slowing around the country at this time of year. That does not necessarily equate to less competition for available housing stock. While total sales and inventory may be lower than earlier in the year, those still looking for homes tend to match up with those willing to list. Call it a back-to-school effect or call it an active and healthy residential real estate market, no matter the season.
In the Houston region, for the week ending July 16:
- New Listings increased 4.2% to 3,357
- Pending Sales increased 15.6% to 2,184
- Closed Sales decreased 2.4% 1,765