Houstons Average Home Price Declines First Time In Four Years

Dated: 01/07/2016

Views: 111

Houston's Average Home Price Declines First Time in Four Years.

Houston home sales fall for  two straight months. Average price sees its first decline in almost four years. With the holiday season over and the continued strain with the energy industry. Homes sales fell in November and December. 

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), November single family home sales fell 10.5% with a total of 4,595 sales compared to 5,135 last year. Only homes in the $150,00.00 to $250,000.00 price range had positive sales volume.   Luxury home sales dropped 22%. Homes were on the market an average of 55 days verses 54 the year before.

Slower sales made a slight improvement in months of inventory,  It grew from 2.7 months supply last November to 3.4 months supply. The national average is 4.8 months of inventory.

The average price of a single family home fell 3.5% to $262,064.00 Sales of all property types totaled 5,623 units, down 10.1 percent compared to last November.

Published by:

Debora Aguirre

Realty Executives Advantage

Latest Blog Posts


Your home’s landscape and exterior space is the first thing that potential buyers notice. As they pull up to view your home, it is important that you are giving them a great first impression. 

Read More

Gardening Tips And What To Plant With Children

Gardening with children:  Gardening Tips and What to Plant  Cultivating a home garden is a great way to teach your children where their food comes from while fostering a sense of

Read More


A Time of Self Reflection.  As the events of Wednesday afternoon, February 14, 2018 began to unfold on TV at Stoneman Douglas High School in Parkland, Florida, I

Read More

MY STORY A Move To The Texas Gulf Coast

I’m Jerri Sutherland, a realtor in Galveston, TX and new to this thing called “blogging”.  I decided in late 2016 to make this journal go “live” and to stop procrastinating as I need

Read More