The Houston area housing market began to show signs of life in February. Total property sales and single-family sales were up on a month-to-month basis, but were down year-over-year. Single-family sales fell 23 percent compared to February 2022. That marks the 11th consecutive month decline. Hopefully, we will continue trending upward in the coming months.
Months of inventory decreased to 2.6 and days on market grew to 63. It was 42 days in February 2022.