March HAR report shows more stability in the Houston housing market
The Houston housing market shows signs of stability and growth, with single-family home sales rising 3.7% and total property sales growing 3.6% in March. The median home price fell slightly to $333,000, while the total dollar volume for the Houston market rose to over $3.6 billion.
The Houston Association of Realtors reported that the Houston housing market stabilized in March, with single-family home sales increasing 3.7% to 7,644 homes sold. The median home price decreased 1.5% to $333,000. Total property sales across the Houston area grew 3.6% to 9,001 properties sold, and active property listings rose 8.8% to 55,611. The total dollar volume for the Houston market reached over $3.6 billion, a 1.9% increase from last March. Single-family home inventory increased to a 4.7-month supply, and the townhome and condominium market saw a 1.8% sales gain. The market's stability is attributed to slowly falling house prices and sales gains in single-family homes and townhomes/condominiums.
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