It’s my pleasure to present to you the Q3 2020 Real Estate Report for residential properties in Houston, TX.
After a “busy” Q2 2020 in which there were fewer new and total active listings in the marketplace compared to a year prior, Q3 2020 brought an influx of properties to the market. Check out the year-to-date performance summary to see how 2020 is currently comparing to 2019.
For Harris County, while there were 23.97% fewer total active listings that hit the market in Q3 2020 v 2019, there were 1.43% more new listings. This influx of new listings was needed to keep up with demand over the summer months.
Looking at the 37 local market areas, only 8/37 experienced fewer new listings in Q3 2020 compared to Q3 2019 and 17/37 areas experienced fewer total of active listings year-over-year
When it comes to closed sales in Q3 2020, Harris County saw a year-over-year increase of just over 13%. As for the 37 local market areas, only 7/37 areas had fewer closed sales year-over-year in Q3...
