Houston Real Estate Highlights in November-HAR Report
Single-family home sales declined 2.3% year-over-year.
Days on Market (DOM) for single-family homes went from 53 to 60 days.
The single-family median price declined 1.5% to $325,000.
The single-family average price edged up by 0.8% to $422,552.
Single-family home months of inventory expanded to a 5.0-months supply, up from 4.3 months a year ago.
Townhome and condominium sales were down 8.3% with 341 units sold. The median price increased 2.4% to $230,000, and the average price rose 10.7% to $268,628.
Total property sales declined 2.7% with 7,475 units sold.
Total dollar volume was down 0.8% to $3.1 billion.