Houston Real Estate Highlights in January-HAR Report
Single-family home sales declined 1.0% year-over-year.
Days on Market (DOM) for single-family homes went from 61 to 66 days.
The single-family median price declined 0.9% to $322,045.
The single-family average price rose 2.8% to $416,722.
Single-family home months of inventory expanded to a 4.7-months supply, up from 4.2 months a year ago.
Townhome and condominium sales were down 25.9% with 269 units sold. The median price declined 11.9% to $185,000, and the average price was down 8.6% to $226,343.
Total property sales declined 2.2% with 6,045 units sold.
Total dollar volume was down 1.6% to $2.4 billion.