Erica Wetherell, Realtor

July Market Update 📈 💫

As the temperatures climbed this Summer, the Houston housing market experienced a cooldown with home sales below 2023 levels for the second month in a row. This slowdown coincided with an increase in available homes, offering more options for prospective buyers.

Single-family home sales across the Greater Houston area declined 11.6 percent year-over-year, according to the Houston Association of Realtors’ (HAR) June 2024 Market Update. The Houston Multiple Listing Service (MLS) recorded sales of 7,718 units compared to 8,729 last Summer. Months supply of homes climbed from 3.0 to 4.3, which is the highest in more than a decade!

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Source: HAR 🏡
Want to read the full report? Link in bio ⬆️