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HOUSTON AREA HOME SALES HAVE A LITTLE PEP IN THEIR STEP

Houston area single-family home sales pepped up in May, although the month ended with 10.4 percent fewer sales than May 2022. This is the 14th consecutive month of slowing sales volume. Housing inventory reached a 2.8-months supply, which is 1.3 months higher than last year. Bidding wars are still common when homes are listed and priced correctly for the location and condition.

Per HAR / MLS:

Month-to-Month Comparison:

CategoryJan.
2023		Feb.
2023		Mar.
2023		Apr.
2023		May
2023		June
2023		July
2023		Aug.
2023		Sept.
2023		Oct.
2023		Nov.
2023		Dec.
2023
Total Property Sales5,6506,9819,5898,91210,47610,3829,2239,7808,5507,8257,4727,395
Total Active Listings33,60633,10933,44233,20333,91936,43137,07938,43939,63240,63040,72438,028
Single-Family Home Sales4,5495,7237,9077,3108,6378,5827,5577,9836,8866,3776,1546,103
Townhome/Condominium Sales352441552577670687645610552497463435
Single-Family Months of Inventory2.72.62.72.72.83.13.23.33.53.63.53.3
Single-Family Pending Sales7,1677,5469,0438,9889,1468,6348,4477,8426,6766,6696,0695,723
Days on Market596362554845424245474756

Single-Family Sales by Price Range (Harris, Fort Bend, Brazoria & Montgomery Counties)

Price RangeJan.
2023		Feb.
2023		Mar.
2023		Apr.
2023		May
2023		June
2023		July
2023		Aug.
2023		Sept.
2023		Oct.
2023		Nov.
2023		Dec.
2023
$1 - $99,999252044222929352426242837
$100,000 - $149,9997889104889710694112111937983
$150,000 - $249,9997669161,1259981,0721,0078911,053892909872797
$250,000 - $499,9992,1792,4883,7883,5144,1504,1753,6673,8513,2653,0893,0783,055
$500,000 - $749,9994365548518301,0441,058908921773639648640
$750,000 and above220276466492634654544539431386352346
HAR Monthly Press Release with Year-to-Year Statistics