Houston Home Sales Jump 30% in October

The Houston Association of Realtors is reporting a fifth consecutive month of double-digit increases in year-over-year home sales in the Houston area.

The Houston area saw over 9200 single-family home sales in October, a 29.2 increase over 2019 levels. The continued buying uptick is bringing inventory levels down. The current level of inventory is 2.4 months, which is a six-year low and lower than the national average of 2.7 months.

HAR says views on the group's website are up by nearly 40% which may mean this trend may not be slowing down.