Houston Real Estate Highlights in November-HAR Report
Single-family home sales increased 6.0 percent year-over-year;
Days on Market (DOM) for single-family homes went from 48 to 52 days;
Total property sales were up 3.3 percent with 7,750 units sold;
Total dollar volume rose 11.1 percent to $3.1 billion;
The single-family median price was up 1.5 percent to $329,900;
The single-family average price climbed 4.1 percent to $418,903;
Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.
Townhome/condominium sales declined 12.0 percent year-over-year. The median price declined 6.6 percent to $224,000, and the average price was down 10.0 percent to $242,617.