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Days on Market (DOM), or the number of days it took the average home to sell, lowered from 53 to 51. Inventory registered a 2.8-months supply compared to 4.1 months a year earlier and is at levels not seen since April 2015. It is also slightly below the current national inventory level of 3.1 months recently reported by NAR.
Broken out by housing segment, August sales performed as follows:
Houston Real Estate Highlights in August