Houston Housing Stats November, 2023

[Sharon Tzib]

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

Houston Real Estate Highlights in November, 2023:

• -Single-family home sales rose 4.9 percent year-over-year, the first increase in 19 months;
• -Compared to November 2019, before the pandemic, sales were down 3.2 percent, and compared to November 2018, five years back, they were statistically flat;
• -Days on Market (DOM) for single-family homes went from 48 to 47 days;
• -Total property sales rose 3.7 percent with 7,472 units sold;
• -Total dollar volume was up 7.5 percent to $2.9 billion;
• -The single-family median price fell 1.2 percent to $326,000;
• -The single-family average price rose 1.0 percent to $404,597;
• -Single-family home months of inventory registered a 3.5-months supply, up from 2.8 months a year earlier – the highest level since November 2019;
• -Townhome/condominium sales experienced their 18th straight monthly decline, falling 3.0 percent, with the median price up 11.4 percent to $245,000 and the average price up 7.3 percent to $272,382;
• -Compared to pre-pandemic 2019, townhome and condominium sales were down 9.6 percent.