Real Estate Market News for January 2023

Leslie Lerner Properties

Real Estate Market News for January 2023

Housing Stats • Save Thousands When Buying or Selling • Paint Finishes


The Houston area real estate market has been blowing and going for the last several years. This year, housing inventory, interest rates, inflation and economic uncertainty ended Houston’s seven-year run of record-breaking home sales. 

 Single-family home sales fell 10.9 percent while sales of all property types totaled was down 10.7 percent from 2021. For the month of December, single-family home sales dropped 32.6 percent.

Single-family homes inventory grew from a 1.4-months supply last year to 2.7 months. Per National Association of Realtors, housing inventory across the U.S. currently stands at a 3.3-months supply. Days on market grew from 48 days in November to 57 in December. This is the highest it is has been since mid-2020.


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.