Houston Real Estate Highlights in February-HAR Report
Single-family home sales declined 2.2% year-over-year.
Days on Market (DOM) for single-family homes went from 60 to 69 days.
The single-family median price declined 0.9% to $322,078.
The single-family average price rose 2.0% to $415,091.
Single-family home months of inventory expanded to a 4.8-months supply, up from 4.3 months a year ago.
Townhome and condominium sales were down 7.4% with 299 units sold. The median price declined 3.4% to $240,500, and the average price was down 3.5% to $276,835.
Total property sales declined 3.3% with 7,024 units sold.
Total dollar volume was down 1.7% to $2.8 billion.