Houston Housing Stats January, 2023

[Sharon Tzib]

https://www.har.com/content/newsroom/

Houston Real Estate Highlights in January, 2023:

- Single-family home sales fell 29.9 percent year-over-year, as the market tries to recover from economic headwinds

- All housing segments experienced negative sales.

- Days on Market (DOM) for single-family homes went from 39 to 59 days

- Total property sales fell 30.9 percent with 5,650 units sold

- Total dollar volume dropped 30.9 percent to $2.0 billion

- The single-family average price rose 1.5 percent to $381,983

- The single-family median price increased 1.6 percent to $315,000

- Single-family home months of inventory registered a 2.7-months supply, up from 1.3 months a year earlier

- Townhome/condominium sales experienced their eighth straight monthly decline, falling 37.1 percent, with the average price down 4.3 percent to $230,775 and the median price up 7.7 percent to $191,000.