Greater Houston June 2023 Real Estate Market Update

Single-family home sales were down 10.4 percent year-over-year, the 14th consecutive month of slowing sales volume but the lowest rate of decline since June 2022, suggesting market conditions improving

Compared to pre-pandemic 2019, single-family home sales were down just 1.3 percent, however they were up 6.4 percent versus the volume five years ago, in May 2018;

Days on Market (DOM) for single-family homes rose from 30 to 48 days;

Total property sales fell 12.5 percent with 10,476 units sold;