Houston Real Estate Highlights in March-HAR Report
Single-family home sales increased 2.6 percent year-over-year;
Days on Market (DOM) for single-family homes went from 55 to 62 days;
Total property sales were statistically flat with 8,753 units sold;
Total dollar volume increased 5.1% to $3.6 billion;
The single-family median price increased 1.5 percent to $335,000;
The single-family average price rose 3.7 percent to $427,221;
Single-family home months of inventory registered a 4.6-months supply, up from 3.4 months last March.
Townhome/condominium sales declined 21.9 percent year-over-year. The median price declined 4.0 percent to $225,500, and the average price was down 1.5 percent to $272,144.