Houston Housing Stats March, 2024

[Sharon Tzib]

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

Houston Real Estate Highlights in March, 2024:

• -Single-family home sales declined 7.5 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 62 to 55 days;
• -Total property sales were down 7.0 percent with 8,939 units sold;
• -Total dollar volume fell 5.6 percent to $3.5 billion;
• -The single-family median price rose 1.6 percent to $330,000;
• -The single-family average price rose 1.3 percent to $412,464;
• -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier;
• -Townhome/condominium sales continued to decline, falling 6.7 percent, with the median price up 5.1 percent to $235,000 and the average price up 2.2 percent to $276,262.