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.
Per HAR/MLS:
| Category | Jan. 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 Sales | 5,650 | 6,981 | 9,589 | 8,912 | 10,476 | 10,382 | 9,223 | 9,780 | 8,550 | 7,825 | 7,472 | 7,395 |
| Total Active Listings | 33,606 | 33,109 | 33,442 | 33,203 | 33,919 | 36,431 | 37,079 | 38,439 | 39,632 | 40,630 | 40,724 | 38,028 |
| Single-Family Home Sales | 4,549 | 5,723 | 7,907 | 7,310 | 8,637 | 8,582 | 7,557 | 7,983 | 6,886 | 6,377 | 6,154 | 6,103 |
| Townhome/Condominium Sales | 352 | 441 | 552 | 577 | 670 | 687 | 645 | 610 | 552 | 497 | 463 | 435 |
| Single-Family Months of Inventory | 2.7 | 2.6 | 2.7 | 2.7 | 2.8 | 3.1 | 3.2 | 3.3 | 3.5 | 3.6 | 3.5 | 3.3 |
| Single-Family Pending Sales | 7,167 | 7,546 | 9,043 | 8,988 | 9,146 | 8,634 | 8,447 | 7,842 | 6,676 | 6,669 | 6,069 | 5,723 |
| Days on Market | 59 | 63 | 62 | 55 | 48 | 45 | 42 | 42 | 45 | 47 | 47 | 56 |
| Price Range | Jan. 2023 | Feb. 2023 | Mar. 2023 | Apr. 2023 | May 2023 | June 2023 | July 2023 | Aug. 2023 | Sept. 2023 | Oct. 2023 | Nov. 2023 | Dec. 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1 - $99,999 | 25 | 20 | 44 | 22 | 29 | 29 | 35 | 24 | 26 | 24 | 28 | 37 |
| $100,000 - $149,999 | 78 | 89 | 104 | 88 | 97 | 106 | 94 | 112 | 111 | 93 | 79 | 83 |
| $150,000 - $249,999 | 766 | 916 | 1,125 | 998 | 1,072 | 1,007 | 891 | 1,053 | 892 | 909 | 872 | 797 |
| $250,000 - $499,999 | 2,179 | 2,488 | 3,788 | 3,514 | 4,150 | 4,175 | 3,667 | 3,851 | 3,265 | 3,089 | 3,078 | 3,055 |
| $500,000 - $749,999 | 436 | 554 | 851 | 830 | 1,044 | 1,058 | 908 | 921 | 773 | 639 | 648 | 640 |
| $750,000 and above | 220 | 276 | 466 | 492 | 634 | 654 | 544 | 539 | 431 | 386 | 352 | 346 |
Leslie Lerner appreciates the opportunity to sit down with Florian Martin, real estate reporter for the Houston Business Journal.
Now through March 19th you can enjoy all the fun events the Houston Livestock Show and Rodeo has to offer.
Since the Houston Livestock Show and Rodeo™ began in 1932, more than $575 million has been committed to the youth of Texas and education. Each year, more than 800 scholarships are awarded to Texas students by the Houston Livestock Show and Rodeo. Please help deserving students achieve their dreams. If you can’t attend this year,please consider donating by following this link.
The RODEOHOUSTON® Super Series is a 20-day tournament-style competition that crowns an event champion in bareback riding, bull riding, saddle bronc riding, steer wrestling, tie-down roping, team roping, and women’s barrel racing and breakaway roping. With a total payout of $2,178,000, each champion is awarded $50,000, plus previous round winnings, a custom-made saddle and belt buckle, and an invitation to compete at RODEOHOUSTON the following year. RODEOHOUSTON is an official PRCA rodeo and an official PRCA NFR money event, with earnings from RODEOHOUSTON counting toward qualification for the NFR and the PRCA World Standings.
The Houston Livestock Show™ draws thousands of texas 4-h and ffa exhibitors to compete at the world’s largest livestock show. These students bring various species of livestock — from rabbits and poultry to goats and steers — each hoping to take home the coveted title of houston champion. Each exhibitor works several months to prepare for competition among the finest junior livestock the state of Texas has to offer.
There are still many great shows to see in 2023. So many stages to choose from. Each night a state-of-the-art stage and production occurs after the rodeo chutes close and the arena dirt settles. Enjoy Chris Stapleton, Kenny Chesney, Cody Johnson, Luke Bryan and more.
Fly high and see 360 degree views of the Houston Livestock Show and Rodeo™ on the La Grande XL. Soaring to heights of 130 feet, the Rodeo’s luxurious Ferris wheel features 36 air-conditioned cabins complete with padded leather seats, and enough room for you and three friends! Just steps away, all the best foods, including turkey legs, corn dogs, funnel cakes and cotton candy, are within easy reach at the carnival.
The Champion Wine Garden is an amazing outdoor area that offers a cheerful atmosphere, terrific entertainment from rising Texas stars and a chance to savor more than 75 award-winning wines
