Houston Housing Stats September, 2023

[Sharon Tzib]

https://www.har.com/content/department/newsroom?pid=1983

Houston Real Estate Highlights in September, 2023:

• -Single-family home sales fell 10.9 percent year-over-year, making September the 18th consecutive month of slowing sales volume;
• -Compared to September 2019, before the pandemic, sales were down 2.3 percent, and compared to September 2018, five years back, they were up 7.1 percent;
• -Days on Market (DOM) for single-family homes rose from 37 to 45 days;
• -Total property sales fell 9.5 percent with 8,550 units sold;
• -Total dollar volume dropped 9.6 percent to $3.3 billion;
• -The single-family median price fell 2.2 percent to $333,000;
• -The single-family average price rose 0.8 percent to $416,664;
• -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier – the biggest supply since November 2019;
• -Townhome/condominium sales experienced their 16th straight monthly decline, falling 14.4 percent, with the median price up 2.2 percent to $224,250 and the average price up 0.3 percent to $257,909;
• -Compared to pre-pandemic 2019, townhome and condominium sales were down 5.2 percent.