Another week down. Another week closer to the end of 2020.
Let’s dive into what is going on in Houston Real Estate this week according the Houston Association of Realtors.
Table of Contents
New Listings
The housing inventory across the Houston market remains tight as fewer new listings are entering the marketplace.
Overall, this trend is continue to mirror last years numbers. For the week ending September 14, new listings are down 8.8%.
Houston Realtors listed 2,665 properties compared to 2,921 last year.
Pending Listings
The number of pending listings continue to outpace last year’s numbers and are up 14% for the week ending September 14 versus the same week in 2019.
Property listings that went under contract this week totaled 2,412 compared to 2,115 in 2019.
Closings
Home closings recorded an eighth consecutive positive week, up 21.5% for this week compared to the same week in 2019.
Closed sales of homes totaled 1,970 for the week ending September 14 vs 1,621 in 2019.
Showings
The number of appointments made for property showings is still outpacing 2019 levels (by a lot).
For the week ending September 14, appointments jumped 25.5% to 41,544 when compared to 2019.
Listing Views on HAR
As always, the number of people looking at houses on HAR isn’t a metric to set the market by, but it does help us understand where the demand is across the city.
Overview
Over all, Houston is still very much a sellers market. The average days on the market in the League City area is 3 to 5 days depending on your neighborhood.
If you are thinking about selling your home soon, now would be a great time to do that. Prices are at their highest level due to demand and the competition among buyers is fierce!
We are seeing a ton of properties going under contract with multiple offers on the table.
Also, make sure you check out our ZeroPlus program to lock in the best rate on your next mortgage.