Blog

Greater Houston December 2023 Real Estate Market Update

You are currently viewing Greater Houston December 2023 Real Estate Market Update
  • Single-family home sales rose 4.9 percent year-over-year, the first increase in 19 months;
  • Days on Market (DOM) for single-family homes went from 48 to 47 days;
  • Total property sales rose 3.7 percent with 7,472 units sold;
  • Total dollar volume was up 7.5 percent to $2.9 billion;
  • The single-family average price rose 1.0 percent to $404,597; 
  • Single-family home months of inventory registered a 3.5-months supply, up from 2.8 months a year earlier – the highest level since November 2019;
Annual Community Guide 2024_Bret Wallace