Houston Real Estate Market Update: January 2024
- yourrealestateangel
- Feb 20, 2024
- 1 min read
Wondering what's happening in the real estate market? Let's dive into the latest numbers and trends shaping the housing landscape in our city.
Median Price: Currently standing at $299,000, the median price has decreased by 5% compared to last December. This shift may present more opportunities for buyers to find homes that fit their budget.
List to Sold Price Percentage: Houston's real estate market is robust, with homes selling for an average of 97.2% of their original listing price. This indicates a strong demand and competitive market for sellers.
Days on Market: The median days on the market is 30 days, indicating a swift pace in the real estate arena. Homes are spending just one month on the market before being sold, highlighting the need for buyers to act quickly and sellers to leverage their position.
Monthly Supply Inventory: Currently at 2.87, the monthly supply inventory has decreased by 1.03% since December. This suggests a potential shift towards a more balanced market, providing both buyers and sellers with favorable conditions.
The Houston real estate market is dynamic, offering both challenges and opportunities for buyers and sellers alike. Whether you're looking to buy, sell, or simply stay informed, I'm here to help navigate the intricacies of our market. As your real estate agent, I am committed to providing you with the insights and guidance you need to make informed decisions.
Let's connect and discuss how we can achieve your real estate goals in this exciting market. Contact me, Tanja Blandini, Your Real Estate Agent, today to get started!
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