Single-family home sales increased 6% year over year in November, while the average price of a single-family home increased 4.1%, according to the Houston Association of Realtors’ October Housing Update released Dec. 11.

The details

The report also found:
  • The total number of available properties is up 22.1% compared to this time in 2023
  • Townhome and condominium sales declined 12% year over year
  • The average price of a townhome and condominium was down 10% to $242,617
Also of note

According to the report, sales in October for homes priced between:
  • $1-$99,999 increased 21.3%
  • $100,000-$149,999 decreased 8.3%
  • $150,000-$249,999 increased 10.1%
  • $250,000-$499,999 increased 3.3%
  • $500,000-$999,999 increased 13.3%
  • $1 million-plus increased 21.4%
Quote of note

“Houston's housing market continues to demonstrate its strength and stability, even with rising mortgage rates,” said HAR Chair Thomas Mouton. “This positive momentum bodes well for both buyers and sellers as we enter the home stretch of 2024.”