Houston Housing Stats August, 2024

[Sharon Tzib]

https://www.har.com/content/department/newsroom?pid=2114

Houston Real Estate Highlights in August, 2024:

• Single-family home sales declined 8.3 percent year-over-year

• Days on Market (DOM) for single-family homes went from 43 to 47 days

• Total property sales were down 11.2 percent with 8,730 units sold

• Total dollar volume declined 8.8 percent to $3.5 billion

• The single-family median price was down 0.3 percent to $336,940

• The single-family average price rose 0.9 percent to $421,912

• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August

• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.