June 25, 2021 at 1:51pm | Just Ask Matt

Week of 6/8/2021 - 6/14/2021 - HAR Weekly Snapshot

Brief Local Houston Highlights:

NEW LISTINGS Increased 4.2 percent versus Week 23 of 2020. A significant supply of new listings will be required to give a consistent boost to the dwindling supply of homes on the market.

PENDING LISTINGS 2,640 property listings went under contract, a decrease compared to 3,383 of the same week in 2020.

CLOSINGS Despite limited housing supply, local home-buying activity showed continued strength during the week ending June 14. Closed sales totaled 2,293 versus 1,878 for the same week of 2020. A 22.1 percent increase.

Week of 6/15/2021 - 6/21/2021 - HAR Weekly Activity Snapshot

Brief Local Houston Highlights:

NEW LISTINGS After two weeks of gains, REALTORS® entered 3,232 properties compared to 3,245 in Week 24 of 2020 – statistically flat.

PENDING LISTINGS Pending listings declined for a fourth straight week—2,645 property listings went under contract compared to 3,191 of 2020, a 17.1 percent drop.

CLOSINGS Home-buying activity held to positive territory during Week 24 despite a constrained supply of housing on the market— a 12.2 percent increase.

Questions about the Houston Texas Housing Market? Just Ask Matt

Market updates are great tools to keep your finger on the housing market pulse. There are many factors and indicators to consider such as local area reports, from the Houston Heights to Cleveland, Texas or south-central Texas housing movements (such as San Antonio), to market analysis for Bryan College Station, Brazos County.

The Matthew Guzman Team with RE/MAX Universal has boots on the ground all throughout Texas. Just Ask Matt and his team. We'll get you the answers you need to make good financial decisions involving one of your largest investments.


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