Real Estate Market News for December 2022

Leslie Lerner Properties

Real Estate Market News for December 2022

Housing Stats • Holiday Lights


As the market endures economic hardships, Houston area home sales continue to suffer. November marked the eighth consecutive month of declining sales and rising inventory.  Single-family home sales fell 30.2 percent compared to November 2021. The market now trails 2021’s sales volume by 8.8 percent. Interest rates are currently hovering around 6.7 percent with 1.25 points.

Days on Market grew to 48 days compared to 35 in 2021. Inventory registered a 2.9-months supply. This is the highest level it has been since July 2020 when it also was 2.9 months. National housing inventory stands at a 3.3-months supply. 

Previous year-end figures can be found in monthly market reports posted in our blog. 

>>>Read more about the Houston housing market and where to view amazing holiday lights.

About the author

Leslie Lerner Properties understands that buyers and sellers are tired of having to account for high commission rates when budgeting for their home sale and/or purchase. That is why we have put our clients first by implementing flat fee listings and rebated real estate commissions. Our innovative approach to real estate commissions maximizes your return on investment. Why reduce the equity in your home with high commission rates? Leslie Lerner Properties is The Home of Flat-Fee Listings and Rebated Commissions.