Houston Real Estate Highlights in January-HAR Report
Single-family home sales rose 9.0 percent year-over-year, the second increase in two years;
Days on Market (DOM) for single-family homes went from 60 to 58 days;
Total property sales rose 6.9 percent with 6,098 units sold;
Total dollar volume was up 11.9 percent to $2.3 billion;
The single-family median price rose 2.1 percent to $320,500;
The single-family average price rose 2.7 percent to $391,080, the first time that figure has been below $400,000 since last February;
Single-family home months of inventory registered a 3.3-months supply, up from 2.6 months a year earlier;
Townhome/condominium sales continue the declines that prevailed all through 2023, falling 4.0 percent, with the median price up 14.1 percent to $223,000 and the average price up 7.0 percent to $247,437.