Houston Real Estate Highlights for December and Full-Year 2024-HAR Report
Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 – an increase of 1.3 percent;
Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;
December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;
Total December property sales increased 13.6 percent to 8,478 units;
Total dollar volume for December rose 20.5 percent to $3.5 billion;
The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;
Single-family homes months of inventory expanded to a 4.0-months supply;
The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;
Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.