HOUSTON — (July 12, 2023) -HAR Report— Home sales across Greater Houston were down for a 15th straight month in June, however signs of improvement have begun to appear as showings and pending home sales outpace 2022 trends.
According to the Houston Association of Realtors’ (HAR) June 2023 Market Update, single-family home sales were down 12.8 percent year-over-year with 8,582 units sold compared to 9,845 in June 2022. When stacked up against pre-pandemic June 2019, however, home sales were up 3.9 percent. Months supply of homes climbed to 3.1, the highest level since June 2020.
Homes priced at $1M and above saw their first gain in months, climbing nearly six percent in June. On the other end of the spectrum, sales of homes priced below $150,000 also landed in positive territory with other segments experiencing declines. Rentals of single-family homes and townhomes/condominiums were strong. HAR will publish its June 2023 Rental Home Update next Wednesday, July 19.