Houston Real Estate Highlights in January-HAR Report
Single-family home sales increased 1.2 percent year-over-year;
Days on Market (DOM) for single-family homes went from 59 to 61 days;
Total property sales were up 1.3 percent with 6,173 units sold;
Total dollar volume rose 8.9 percent to $2.5 billion;
The single-family median price was up 1.6 percent to $325,000;
The single-family average price climbed 4.4 percent to $406,492;
Single-family home months of inventory registered a 4.3-months supply, up from 3.2 months last January.
Townhome/condominium sales increased 6.8 percent year-over-year. The median price declined 4.1 percent to $211,000, and the average price was statistically unchanged at $248,241.