Houston Real Estate Highlights for December and Full-Year 2022:
-2022 marked the first year of declining home sales for the Houston market since 2015, with 95,113 single-family homes sold versus 106,756 in 2021 – a decline of 10.9 percent; .
-Total dollar volume for full-year 2022 fell just 1.5 percent to $39.3 billion;
-December single-family home sales fell 32.6 percent year-over-year with 6,378 units sold;
-Total December property sales dropped 34.5 percent to 7,634 units;
-Total dollar volume for December fell 32.4 percent to $2.9 billion;
-At $330,000, the single-family home median price rose 3.8 percent;
-The single-family home average price climbed 5.1 percent to $409,777;
-Single-family homes months of inventory expanded 2.7-months supply;
-Townhome/condominium sales spent the latter half of 2022 with declining sales, and in December, volume fell 46.1 percent with the average price down 6.6 percent to $241,502 and the median price down 2.3 percent to $214,999;
-Townhome/condominium inventory grew from a 1.7-months supply to 2.0 months.