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Greater Houston June 2024 Real Estate Market Update

Greater Houston June 2024 Real Estate Market Update
  • Single-family home sales declined 1.5 percent year-over-year.
  • Days on Market (DOM) for single-family homes decreased from 49 to 45 days.
  • Total property sales were down 3.1 percent, with 10,175 units sold.
  • Total dollar volume was statistically flat.
  • 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-month supply, up from 2.7 months last May.
  • Townhome/condominium sales continued to decline, falling 9.8 percent, yet the average price went up 7.5 percent to $281,777.