Houston Texas Market Update
Learn about the current housing market in the Houston area and what to think about before you sell your home!
I know that selling your house is a big step.
You might feel overwhelmed or burdened by everything involved in selling your house.
You're in the right place.
According to the Houston Association of Realtors’ (HAR) November 2023 Market Update, single-family home sales across Greater Houston rose 4.9 percent, the first increase since March 2022. The Houston Multiple Listing Service (MLS) recorded sales of 6,154 units compared to 5,864 in November 2022. Months supply of homes climbed from 2.8 to 3.5. Compared to pre-pandemic November 2019, when volume totaled 6,359, home sales were down 3.2 percent.
In November 2023, U.S. home prices were up 3.7% compared to last year, selling for a median price of. On average, the number of homes sold was down 7.4% year over year and there were 357,572 homes sold in November this year, down 386,337 homes sold in November last year.
As we find ourselves in the midst of 2024, it's important to stay informed about the ever-evolving real estate market, especially considering the ongoing global pandemic. Wondering how recent developments have affected the market in Houston,Texas ?
Look no further for expert insights and analysis.
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By Ola Kembi
