Houston’s housing market hit a cooldown in November. Single-family home sales slipped 2.3% year-over-year and 14.45% month-over-month, the first annual dip since April. Overall property sales followed suit, down 2.7% year-over-year and 14.75% month-over-month across Greater Houston.
Active single-family listings rose to 36,620 (up 21% from last year) but still marked the lowest supply since April. Housing inventory edged up to 5.0 months, slightly higher than last year’s 4.3 months and above the 4.4-month national average.
Homes are taking just a bit longer to move, with Days on Market inching from 59 to 60 days.
>>>Learn more about the Houston housing market and area holiday lights.
