It’s my pleasure to present to you the Q2 2020 Real Estate Report for residential properties in Houston, TX.
In our Q1 2020 report, we predicted that the Spring/Summer buying season would “feel” very busy due to what otherwise would have been two different groups of buyers now actively participating in the market at the same time. This “busy” feeling is also based on having fewer new listings in the marketplace and thus more competition for the best properties that do come up for sale.
For Harris County, there were 17% fewer new listings that hit the market in Q2 2020 compared to Q2 2019 and 13% fewer active listings in total. Pending sales are a good indicator of new activity and Q2 2020 only saw a 1% decrease year-over-year for Harris County.
