Single-Family Homes Update-HAR Report
Single-family home sales fell 10.9 percent year-over-year in September with 6,886 units sold across the Greater Houston area compared to 7,728 in 2022. Pricing continues to ease after rising to record highs last spring. The September average price rose a fractional 0.8 percent to $416,664 while the median price fell 2.2 percent to $333,000.
For a pre-pandemic perspective, September closings were 2.3 percent below September 2019’s total of 7,050. The September 2023 median price of $333,000 is 36.1 percent higher than it was in 2019 ($244,679) and today’s average price of $416,664 is 39.1 percent higher than it was then ($299,600). Sales are 7.1 percent above where they were five years ago, in September 2018, when volume totaled 6,427. Back then, the median price was $232,990 and the average price was $294,656.