All Forum Posts by: Sharon Tzib

https://www.har.com/content/department/newsroom?pid=2141

Houston Real Estate Highlights for December and Full-Year 2024:

• -Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 an increase of 1.3 percent;
• -Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;
• -December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;
• -Total December property sales increased 13.6 percent to 8,478 units;
• -Total dollar volume for December rose 20.5 percent to $3.5 billion;
• -The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;
• -Single-family homes months of inventory expanded to a 4.0-months supply;
• -The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;
• -Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.

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

Houston Real Estate Highlights in November, 2024:

• -Single-family home sales increased 6.0 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 48 to 52 days;
• -Total property sales were up 3.3 percent with 7,750 units sold;
• -Total dollar volume rose 11.1 percent to $3.1 billion;
• -The single-family median price was up 1.5 percent to $329,900;
• -The single-family average price climbed 4.1 percent to $418,903;
• -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.
• -Townhome/condominium sales declined 12.0 percent year-over-year. The median price declined 6.6 percent to $224,000, and the average price was down 10.0 percent to $242,617.

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

Houston Real Estate Highlights in October, 2024:

• -Single-family home sales increased 12.8 percent year-over-year; • Days on Market (DOM) for single-family homes went from 48 to 51 days;
• -Total property sales were up 10.2 percent with 8,627 units sold;
• -Total dollar volume rose 19.5 percent to $3.5 billion;
• -The single-family median price was up 2.7 percent to $334,900;
• -The single-family average price climbed 5.2 percent to $423,166;
• -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last October.
• -Townhome/condominium sales increased for the first time in two years, with sales up 6.5 percent year-over-year. The median price declined 3.2 percent to $232,400, and the average price rose 2.6 percent to $279,018.

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

Houston Real Estate Highlights in September, 2024:

• -Single-family home sales increased 1.7 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 45 to 51 days;
• -Total property sales were down 3.3 percent with 8,228 units sold;
• -Total dollar volume was statistically flat at $3.3 billion;
• -The single-family median price was up 1.1 percent to $335,000;
• -The single-family average price edged up by 0.3 percent to $415,435;
• -Single-family home months of inventory registered a 4.4-months supply, up from 3.4 months last September.
• -Townhome/condominium sales continued to decline, falling 23.0 percent, with the median price up 7.1 percent to $240,990, and the average price rose 10.9 percent to $290,048.

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.

https://www.har.com/content/department/newsroom?pid=2107

Houston Real Estate Highlights in July, 2024:

• -Single-family home sales rose 1.8 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 42 to 44 days;
• -Total property sales were down 2.1 percent with 8,969 units sold;
• -Total dollar volume increased 4.4 percent to $3.8 billion;
• -The single-family median price increased 2.9 percent to $350,000;
• -The single-family average price rose 4.7 percent to a record high of $445,440;
• -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;
• -Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

https://www.har.com/content/department/newsroom?pid=2096

Houston Real Estate Highlights in June, 2024:

• -Single-family home sales declined 11.6 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 45 to 46 days;
• -Total property sales were down 13.6 percent with 9,133 units sold;
• -Total dollar volume declined 12.2 percent to $3.8 billion;
• -The single-family median price was statistically flat at $345,500;
• -The single-family average price was statistically flat at $432,090;
• -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;
• -Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

https://www.har.com/content/department/newsroom?pid=2088

Houston Real Estate Highlights in May, 2024: Property sales are down but home prices continue to go up!

• -Single-family home sales declined 1.5 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 49 to 45 days;
• -Total property sales were down 3.1 percent with 10,175 units sold;
• -Total dollar volume was statistically flat at $4.3 billion;
• -The single-family median price edged up 1.5 percent to $345,000;
• -The single-family average price rose 3.6 percent to $443,970, which is a record high;
• -Single-family home months of inventory registered a 4.0-months supply, up from 2.7 months last May;
• -Townhome/condominium sales continued to decline, falling 9.8 percent, with the median price climbing 12.1 percent to $241,600 and the average price up 7.5 percent to $281,777.

https://www.har.com/content/department/newsroom?pid=2072

Houston Real Estate Highlights in April, 2024:

• -Single-family home sales rose 9.2 percent year-over-year;
• -Days on Market (DOM) for single-family homes went from 56 to 49 days;
• -Total property sales rose 8.7 percent with 9,611 units sold;
• -Total dollar volume was up 13.8 percent to $4 billion;
• -The single-family median price rose 3.0 percent to $340,000;
• -The single-family average price rose 4.6 percent to $437,198;
• -Single-family home months of inventory registered a 3.7-months supply, up from 2.6 months a year earlier;
• -Townhome/condominium sales continued to decline, falling 1.3 percent, with the median price down 1.8 percent to $230,000 and the average price down 0.5 percent to $278,048.

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.