Houston Housing Stats July, 2024

[Sharon Tzib]

https://www.har.com/content/department/newsroom?pid=2107

Houston Real Estate Highlights in July, 2024:

• -Single-family home sales rose 1.8 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 42 to 44 days;
• -Total property sales were down 2.1 percent with 8,969 units sold;
• -Total dollar volume increased 4.4 percent to $3.8 billion;
• -The single-family median price increased 2.9 percent to $350,000;
• -The single-family average price rose 4.7 percent to a record high of $445,440;
• -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;
• -Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.