Greater Houston February 2024 Real Estate Market Update

***February 2024 Greater Houston HOUSING market VIDEO update*** click link at top for quick video summary!***

• Single-family home sales rose 9.0 percent year-over-year
• Days on Market (DOM) for single-family homes went from 60 to 58 days
• Total property sales rose 6.9 percent with 6,098 units sold
• Total dollar volume was up 11.9 percent to $2.3 billion
• Single-family home months of inventory registered a 3.3-months’ supply, up from 2.6 months a year earlier
• Total Townhome/condominium sales declined 4.0 percent yet the average price up 7.0 percent to $247,437