All Forum Posts by: Jhoana Olarte

• Single-family home sales fell 8.6 year-over-year, their third and biggest decline of 2022 as the market begins a long-anticipated cooldown;
• Days on Market (DOM) for single-family homes dropped from 30 to 28;
• The ‘Close to Original List Price Ratio’ for single-family homes reached 100.1 percent, marking the third straight month that buyers paid above list price for homes on the market;
• Total property sales were down 9.1 percent with 11,921 units sold;
• Total dollar volume increased 1.6 percent to about $4.9 billion;
• The single-family average price rose 11.0 percent to $436,425, the second highest of all time, and the fourth time that pricing has exceeded $400,000;
• The single-family median price increased 13.2 percent to $355,000 – a record;
• Single-family home months of inventory registered a 2.0-months supply, up from 1.4 months a year earlier. That is the greatest supply since November 2020;
• Townhome/condominium sales experienced the first decline in nearly two years, falling 15.3 percent, with the average price up 4.7 percent to $259,557 and the median price up 2.7 percent to $220,000.

• Single-family home sales increased 4.1 percent year-over-year;
• Days on Market (DOM) for single-family homes dropped from 46 to 38;
• Total property sales rose 4.3 percent with 12,149 units sold;
• Total dollar volume increased 15.7 percent to $4.6 billion;
• The single-family average price rose 11.4 percent to $410,923, the highest of all time, and the first time that pricing has topped $400,000;
• The single-family median price increased 15.5 percent to $335,000 – also a record;
• Single-family home months of inventory registered a 1.3-months supply, unchanged from one year earlier;
• Townhome/condominium sales rose 8.7 percent with the average price up 5.8 percent to $255,334 and the median price up 10.4 percent to $215,000;
• Single-family home rentals rose 18.3 percent with the average rent up 6.7 percent to $2,075;
• Townhome/condominium leases were unchanged with the average rent up 7.6 percent to $1,852.

Source HAR

Houston Real Estate Highlights in January

• Single-family home sales staged a strong open to the new year with January volume up 7.1 percent year-over-year;
• Days on Market (DOM) for single-family homes dropped from 48 to 39;
• Total property sales rose 9.3 percent with 8,134 units sold;
• Total dollar volume increased 28.1 percent to $2.9 billion;
• The single-family average price rose 16.2 percent to $377,738, the highest ever for a January;
• The single-family median price increased 17.9 percent to $310,000 – also a January record;
• Single-family home months of inventory registered a 1.4-months supply, down from 1.7 months year-over-year and below the national inventory of 1.8 months;
• Townhome/condominium sales rose 24.7 percent with the average price up 14.7 percent to $241,605 and the median price up 18.3 percent to $207,700;
• Single-family home rentals rose 7.8 percent with the average rent up 9.7 percent to $2,070;
• Townhome/condominium leases increased 2.6 percent with the average rent up 11.9 percent to $1,801.

Source HAR

Houston Real Estate Highlights in November

• Single-family home sales rebounded from a slight decline in October, rising 3.9 percent with 8,320 units sold versus 8,010 in October 2020;
• Days on Market (DOM) for single-family homes dropped from 46 to 35;
• Total property sales rose 5.6 percent with 10,216 units sold;
• Total dollar volume increased 20.6 percent to $3.7 billion;
• The single-family average price rose 12.6 percent to $383,807;
• The single-family median price increased 16.3 percent to $314,000 – an all-time high first reached in June of 2021;
• Single-family home months of inventory registered a 1.6-months supply, down from 2.1 months year-over-year and below the national inventory of 2.4 months;
• On a year-to-date basis, single-family homes sales are 12.0 percent ahead of 2020’s record pace and 22.2 percent ahead of 2019.
• Townhome/condominium sales rose 16.8 percent with the average price up 16.0 percent to $258,970 and the median price up 10.5 percent to $210,000;
• Single-family home rentals rose 7.1 percent with the average rent up 8.5 percent to $2,042;
• Townhome/condominium leases increased 5.1 percent with the average rent up 3.8 percent to $1,737.

Source HAR 

• Single-family home sales staged a second consecutive monthly increase, rising 1.5 percent with units 9,226 sold versus 9,086 in September 2020.
• The Days on Market (DOM) figure for single-family homes fell from 51 to 29;
• Total property sales increased 1.6 percent with 11,285 units sold;
• Total dollar volume rose 16.9 percent to $4.0 billion;
• The single-family average price increased 13.4 percent to $372,408;
• The single-family median price rose 13.3 percent to $300,000;
• Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;
• On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.
• Townhome/condominium sales rose 11.7 percent with the average price up 12.1 percent to $240,994 and the median price up 17.6 percent to $210,000;
• Single-family home rentals fell 8.2 percent with the average rent up 9.0 percent to $2,115;
• Townhome/condominium leases fell 1.8 percent with the average rent up 6.3 percent to $1,793.

Source: HAR

• Single-family home sales rebounded from July’s declines with an 8.5 percent increase, as 9,890 units sold versus 9,118 in August 2020.
• The Days on Market (DOM) figure for single-family homes fell from 51 to 26;
• Total property sales rose 9.2 percent with 12,036 units sold;
• Total dollar volume increased 26.7 percent to $4.3 billion;
• The single-family average price increased 14.0 percent to $380,233;
• The single-family median price rose 15.2 percent to $310,000;
• Single-family homes months of inventory registered a 1.9-months supply, down from 2.6 months year-over-year and below the national inventory of 2.6 months;
• On a year-to-date basis, single-family homes sales are running 17.4 percent ahead of 2020’s record pace.
• Townhome/condominium sales jumped 27.1 percent with the average price up 9.5 percent to $237,473 and the median price up 14.3 percent to $200,000;
• Single-family home rentals fell 10.2 percent with the average rent up 9.6 percent to $2,153;
• Townhome/condominium leases rose 1.8 percent with the average rent up 6.9 percent to $1,765.

Source HAR

• Single-family home sales ended a 13-month positive run with a 6.1 percent decline, as 10,159 units sold versus 10,822 in July 2020. The year-ago sales surge came after COVID-related lockdowns were lifted, enabling Q2 2020 postponed closings to proceed;
• The Days on Market (DOM) figure for single-family homes fell from 56 to 26;
• Total property sales fell 3.7 percent with 12,383 units sold;
• Total dollar volume increased 11.4 percent to $4.5 billion;
• The single-family average price reached the second highest level of all time, increasing 15.3 percent to $389,197;
• The single-family median price rose 13.9 percent to $309,910 — the second highest median price of all time;
• Single-family homes months of inventory registered a 1.8-months supply, down from 2.9 months year-over-year and below the national inventory of 2.6 months;
• On a year-to-date basis, single-family homes sales are running 19.1 percent ahead of 2020’s record pace.
• Townhome/condominium sales jumped 23.9 percent with the average price up 10.0 percent to $245,160 and the median price up 8.7 percent to $200,000;
• Single-family home rentals fell 20.1 percent with the average rent up 11.4 percent to a record high $2,162;
• Townhome/condominium leases dropped 10.8 percent with the average rent up 5.8 percent to $1,756.

HAR

• Single-family home sales increased for the twelfth consecutive month, up a dramatic 48.2 percent year-over-year with 9,702 units sold;
• The Days on Market (DOM) figure for single-family homes dropped from 58 to 34;
• Total property sales rose 55.5 percent with 12,100 units sold – the second highest volume in history;
• Total dollar volume increased 100.5 percent to $4.4 billion;
• The single-family average price reached a new record high, rising 29.7 percent to $387,105;
• The single-family median price rose 21.7 percent to $304,000 – also a record high;
• Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.3 months year-over-year and below the national inventory of 2.4 months;
• On a year-to-date basis, single-family homes sales are running 29.5 percent ahead of 2020’s record pace.
• Townhome/condominium sales jumped 103.4 percent with the average price up 15.7 percent to $238,839 and the median price up 21.7 percent to a record high of $213,000;
• Single-family home rentals fell 26.8 percent with the average rent up 10.6 percent to a record high $2,025;
• Townhome/condominium leases declined 3.5 percent with the average rent up 8.5 percent to $1,716.

• Single-family home sales increased for the eleventh consecutive month, up a dramatic 47.4 percent year-over-year with 9,105 units sold;
• The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;
• Total property sales rose 58.3 percent with 11,348 units sold;
• Total dollar volume increased 85.9 percent to about $4.0 billion;
• The single-family average price reached a record high, rising 20.0 percent to $371,854;
• The single-family median price climbed 17.6 percent to $295,000 – also a record high;
• Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;
• On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.
• Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;
• Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960;
• Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.

HAR

• Single-family home sales increased for the tenth consecutive month, up 24.4 percent year-over-year with 9,347 units sold;
• The Days on Market (DOM) figure for single-family homes dropped from 65 to 45;
• Total property sales shot up 31.5 percent with 11,692 units sold;
• Total dollar volume soared 55.8 percent to $4.0 billion;
• The single-family average price reached a record high, rising 19.9 percent to $370,847;
• The single-family median price climbed 16.0 percent to $290,000 – also a record high;
• Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.0 months;
• On a year-to-date basis, single-family homes sales are running 16.9 percent ahead of 2020’s record pace.
• Townhome/condominium sales jumped 45.2 percent with the average price up 7.6 percent to $242,063 and the median price up 5.3 percent to $195,000;
• Single-family home rentals fell 17.9 percent with the average rent up 8.8 percent to $1,944;
• Townhome/condominium leases rose 5.7 percent with the average rent up 6.8 percent to $1,720.