Greater Houston October 2023 Real Estate Market Update

October 2023 Greater Houston HOUSING market VIDEO update*** click link at top for quick video summary!*** 

• Single-family home sales fell 10.9 percent year-over-year, making September the 18th consecutive month of slowing sales volume;
• Compared to September 2018, five years back, they were up 7.1 percent;
• Days on Market (DOM) for single-family homes rose from 37 to 45 days;
• The single-family average price rose 0.8 percent to $416,664; 
• Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier – the biggest supply since November 2019;
• Townhome/condominium sales experienced their 16th straight monthly decline, falling 14.4 percent, but the average price up 0.3 percent to $257,909;