Greater Houston January 2024 Real Estate Market Update

You are currently viewing Greater Houston January 2024 Real Estate Market Update
 
 
  • Both the number of single-family sales and the sales volume decreased by roughly 12% in 2023 compared to 2022
  • December single-family home sales fell 6.2 percent year-over-year with 6,103 units sold;
  • Total dollar volume for December fell 3.7 percent to $2.9B;
  • The single-family home average price was also unchanged at $407,817;
  • Single-family homes months of inventory expanded to a 3.3-months supply;
  • The townhome/condominium market experienced declining sales throughout 2023, and in December, volume fell 7.0 percent with the average price up 6.7 percent to $258,137.00
  • Townhome/condominium inventory grew from a 2.0-months supply to 3.5 months.
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