Real Data
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The first week of October saw a drop in new listings, falling 18.4% from last week’s fleeting inventory surge.
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Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
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Housing affordability has changed across all 50 top markets, proving to be more affordable than it was during the previous housing peak, according to First American Financial’s latest Real House Price Index.
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Houston’s housing inventory appears to be on a slight rebound, as new listings rose 1.5% during the last week of September, breaking a three-week run of declines.
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Houston’s inventory of new listings continues to spiral downward from previous weeks, dropping 20.1% from a year ago, according to data from HAR.
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Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.