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Houston Real Estate Market Update: July 2024

Houston mid-year Real Estate Market Update 2024

As we are half way through the year, here is what is happening in the Houston real estate market update.

Watch the updated video by clicking the link below. ⬇️

July 2024 Real Estate Stats

Year over year

Total sales decreased 13.6%

Total active listings increased 33.8%

Single family average sales price increased: 0.8%

Single family months of inventory increased to 4.3 months

Sales slow across all price bands

Luxury sales decreased 19.4%

$500,000-$1M sales creased 5.8%

Townhomes & Condo sales down nearly 20%

Showings down

Hurricane Beryl took a toll on Houston, slowing showing activity 40% from the week prior.

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