All Forum Posts by: 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.

https://www.har.com/content/department/newsroom?pid=2096

Houston Real Estate Highlights in June, 2024:

• -Single-family home sales declined 11.6 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 45 to 46 days;
• -Total property sales were down 13.6 percent with 9,133 units sold;
• -Total dollar volume declined 12.2 percent to $3.8 billion;
• -The single-family median price was statistically flat at $345,500;
• -The single-family average price was statistically flat at $432,090;
• -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;
• -Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

https://www.har.com/content/department/newsroom?pid=2088

Houston Real Estate Highlights in May, 2024: Property sales are down but home prices continue to go up!

• -Single-family home sales declined 1.5 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 49 to 45 days;
• -Total property sales were down 3.1 percent with 10,175 units sold;
• -Total dollar volume was statistically flat at $4.3 billion;
• -The single-family median price edged up 1.5 percent to $345,000;
• -The single-family average price rose 3.6 percent to $443,970, which is a record high;
• -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;
• -Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

https://www.har.com/content/department/newsroom?pid=2072

Houston Real Estate Highlights in April, 2024:

• -Single-family home sales rose 9.2 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 56 to 49 days;
• -Total property sales rose 8.7 percent with 9,611 units sold;
• -Total dollar volume was up 13.8 percent to $4 billion;
• -The single-family median price rose 3.0 percent to $340,000;
• -The single-family average price rose 4.6 percent to $437,198;
• -Single-family home months of inventory registered a 3.7-months supply, up from 2.6 months a year earlier;
• -Townhome/condominium sales continued to decline, falling 1.3 percent, with the median price down 1.8 percent to $230,000 and the average price down 0.5 percent to $278,048.

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Houston Real Estate Highlights in March, 2024:

• -Single-family home sales declined 7.5 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 62 to 55 days;
• -Total property sales were down 7.0 percent with 8,939 units sold;
• -Total dollar volume fell 5.6 percent to $3.5 billion;
• -The single-family median price rose 1.6 percent to $330,000;
• -The single-family average price rose 1.3 percent to $412,464;
• -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier;
• -Townhome/condominium sales continued to decline, falling 6.7 percent, with the median price up 5.1 percent to $235,000 and the average price up 2.2 percent to $276,262.

https://www.har.com/content/department/newsroom?pid=2061

Houston Real Estate Highlights in February, 2024;

• -Single-family home sales rose 7.6 percent year-over-year, the third increase in the past year;
• -Days on Market (DOM) for single-family homes went from 64 to 57 days;
• -Total property sales rose 7.0 percent with 7,541 units sold;
• -Total dollar volume was up 11.8 percent to $2.9 billion;
• -The single-family median price rose 3.0 percent to $329,686;
• -The single-family average price rose 4.1 percent to $400,252;
• -Single-family home months of inventory registered a 3.4-months supply, up from 2.5 months a year earlier;
• -Townhome/condominium sales continue to decline, falling 8.1 percent, with the median price up 8.9 percent to $237,500 and the average price up 5.5 percent to $258,587.

https://www.har.com/content/department/mls

Houston Real Estate Highlights in January, 2024:

• -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.

https://www.har.com/content/department/newsroom?pid=2020

Houston Real Estate Highlights for December and Full-Year 2023:

• -2023 marked the second consecutive year of declining home sales with 83,854 single-family homes sold versus 95,302 in 2022 – a decline of 12.0 percent; .
• -Total dollar volume for full-year 2023 fell 12.6 percent to $40B;
• -December single-family home sales fell 6.2 percent year-over-year with 6,103 units sold;
• -Total December property sales declined 4.9 percent to 7,395 units;
• -Total dollar volume for December fell 3.7 percent to $2.9B;
• -At $330,000, the single-family home median price was unchanged;
• -The single-family home average price was also unchanged at $407,817;
• -Single-family homes months of inventory expanded to a 3.3-months supply;
• -The townhome/condominium market experienced declining sales throughout 2023, and in December, volume fell 7.0 percent with the average price up 6.7 percent to $258,137 and the median price down 9.3 percent to $235,000;
• -Townhome/condominium inventory grew from a 2.0-months supply to 3.5 months.

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Houston Real Estate Highlights in November, 2023:

• -Single-family home sales rose 4.9 percent year-over-year, the first increase in 19 months;
• -Compared to November 2019, before the pandemic, sales were down 3.2 percent, and compared to November 2018, five years back, they were statistically flat;
• -Days on Market (DOM) for single-family homes went from 48 to 47 days;
• -Total property sales rose 3.7 percent with 7,472 units sold;
• -Total dollar volume was up 7.5 percent to $2.9 billion;
• -The single-family median price fell 1.2 percent to $326,000;
• -The single-family average price rose 1.0 percent to $404,597;
• -Single-family home months of inventory registered a 3.5-months supply, up from 2.8 months a year earlier – the highest level since November 2019;
• -Townhome/condominium sales experienced their 18th straight monthly decline, falling 3.0 percent, with the median price up 11.4 percent to $245,000 and the average price up 7.3 percent to $272,382;
• -Compared to pre-pandemic 2019, townhome and condominium sales were down 9.6 percent.

https://www.har.com/content/department/newsroom?pid=1999

Houston Real Estate Highlights in October, 2023:

• -Single-family home sales fell 3.4 percent year-over-year, the smallest one-month sales drop of 2023 and the 19th consecutive month of declines;
• -Compared to October 2019, before the pandemic, sales were down 11.3 percent, and compared to October 2018, five years back, they were down 4.6 percent;
• -Days on Market (DOM) for single-family homes rose from 43 to 47 days;
• -Total property sales fell 4.3 percent with 7,825 units sold;
• -Total dollar volume dropped 2.6 percent to $2.98 billion;
• -The single-family median price fell a fractional 0.9 percent to $327,000;
• -The single-family average price rose a fractional 0.4 percent to $403,556;
• -Single-family home months of inventory registered a 3.6-months supply, up from 2.8 months a year earlier – the highest level since November 2019 when it also was 3.6 months;
• -Townhome/condominium sales experienced their 17th straight monthly decline, falling 16.4 percent, with the median price up 6.6 percent to $239,900 and the average price up 1.2 percent to $272,597;
• -Compared to pre-pandemic 2019, townhome and condominium sales were down 10.5 percent.