Houston Real Estate Highlights in September-HAR Report
Single-family home sales increased 5.3% year-over-year.
Days on Market (DOM) for single-family homes went from 52 to 55 days.
The single-family median price declined 2.1% to $327,000.
The single-family average price rose 2.0% to $421,655.
Single-family home months of inventory expanded to a 5.2-months supply, up from 4.3 months last September.
Townhome and condominium sales increased 4.0% with 414 units sold. The median price declined 4.4% to $230,000, and the average price was down 4.9% to $273,890.
Total property sales increased 5.0% with 8,686 units sold.
Total dollar volume rose 6.8% to $3.5 billion.