Home sales drop 4% year over year in May in Conroe, Montgomery area

Home sales overall saw a 4.2% decline in the eight ZIP codes that comprise the Conroe and Montgomery area, according to market data provided by local real estate firm The Spencer Team.

Two-minute impact

Market data shows the eight ZIP codes were split, with four seeing an increase in home sales and four experiencing a decline. Overall, 24 fewer homes sold in May than in May 2023.

The median price of homes sold dropped in seven of eight ZIP codes in the region year over year in May, market data shows.

Only Montgomery-area ZIP code 77316 saw a rise in median sales price—a 2.76% increase from May 2023.

Of the homes that sold, less than 53% sold between $250,000 and $499,999, a decline from April, which saw more than 60% of homes sold in that price range.

What else?

Meanwhile, market data shows homes are generally staying on the market longer.

Six of eight ZIP codes saw the average time on the market rise year over year in May—with only 77304 and 77356 seeing a decline.