Houston’s home sales plummet for second month amid Covid-19, but positive signs emerge

Even as Texas began to reopen in May, the impact of the Covid-19 pandemic and the energy industry downturn continued to weigh on the local housing market, the Houston Association of Realtors reported June 10.

Single-family home sales and total property sales both plummeted around 20% year over year in May to 6,671 and 7,917, respectively. That’s similar to the drop experienced in April, and year-to-date sales are now down 4.3% compared to 2019’s record pace, HAR notes. Total dollar volume experienced…