January 2023 Houston Real Estate Market Data

HAR MLS data release showed slowed home sales in December 2023 Real Estate data. The slow-down in sales can be attributed to consumers coming out of the holiday season mode. 

Single-Family median sales price was $315,00 up 1.6% ($309,900 in January 2022) compared to the same month last year. Average sale price is $381,983 up 1.5% ($376,359 January 2022).  

Number of closings was 4,549 homes down 29.9% (6,492 in January 2022) year over year.  

Active inventory was 33,606 homes, up 63.4% year over year.  

Average Days on Market, the actual time it took to sell a home grew from 39 to 59 days.  

Months inventory was up only 1.4 months to 2.7 months. This inventory increase is the highest level since July of 2020 at 2.9 months. This inventory increase is still below the 6.0 months’ supply generally considered a balanced market. Compared to national housing inventory per NAR of 2.9 months.  

Townhome/condominium sales declined 37.1% ( from 561 to 353). Average price down 4.3% to $230,775 and median price fell 7.7% to $191,00. Townhome/condominium inventory grew from a 1.5 months supply to 2.1 months.

* This data is based on HAR MLS whole data and the Image data is just for the city of Houston.

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Sohna Jaye, Realtor Walzel Properties, LLC