Houston Housing Stats February, 2024

[Sharon Tzib]

https://www.har.com/content/department/newsroom?pid=2061

Houston Real Estate Highlights in February, 2024;

• -Single-family home sales rose 7.6 percent year-over-year, the third increase in the past year;
• -Days on Market (DOM) for single-family homes went from 64 to 57 days;
• -Total property sales rose 7.0 percent with 7,541 units sold;
• -Total dollar volume was up 11.8 percent to $2.9 billion;
• -The single-family median price rose 3.0 percent to $329,686;
• -The single-family average price rose 4.1 percent to $400,252;
• -Single-family home months of inventory registered a 3.4-months supply, up from 2.5 months a year earlier;
• -Townhome/condominium sales continue to decline, falling 8.1 percent, with the median price up 8.9 percent to $237,500 and the average price up 5.5 percent to $258,587.