HOUSTON — (February 8, 2023)/HAR Report — January was an expectedly slow month for home sales across the Houston area coming out of the holidays and easing back into the more familiar pre-pandemic trending of the start of a new year. While sales were down, there were positive indicators for consumers considering reviving their homebuying quests this year, including more robust inventory and moderating prices.
According to the Houston Association of Realtors’ (HAR) January 2023 Market Update, single-family home sales fell 29.9 percent, with 4,549 units sold compared to 6,492 in January 2022. That marks the tenth consecutive monthly decline. However, when compared to the last January before the pandemic – January of 2020, with sales volume of 4,772 units – sales were down just 4.6 percent.