Houston’s housing inventory grew by 6.2% in August, according to the Houston Association of REALTORS® First Real Estate Snapshot of Houston (FRESH) Report.
Despite annual decreases in new listings — Realtors added 11,527 properties to the Multiple Listing Service compared to 11,641 a year ago — active inventory grew last month with 24,405 available properties. However, that’s still 13.6% lower than the inventory seen pre-pandemic in August 2019.
Meanwhile, the average listing price rose 0.9% year over year to $431,500. That’s significantly lower than the all-time high of $441,748 in May.