January home sales see decrease year over year in Conroe, Montgomery area

Home sales saw a decrease year over year in January in the Conroe and Montgomery area, according to market data provided by local real estate firm The Spencer Team.

Two-minute impact

Home sales decreased in four of the eight ZIP codes in Conroe and Montgomery, with total home sales decreasing 4.3% year over year in January.

In five of the eight Conroe and Montgomery-area ZIP codes, the median home price saw a decrease year over year in January. 77306 saw the largest percentage decrease of -29.05%—going from $293,857 to $208,500.

Of the homes that sold in January in Conroe and Montgomery, 56.6% of them were priced between $250,000-$499,999.

Also of note

In four of the eight ZIP codes in the Conroe and Montgomery area, the average time homes spent on the market decreased year over year in January. The ZIP code 77304 saw the largest percentage decrease of -36.67%—with homes going from spending an average of 90 days to an average of 57 days on the market.