The March Real Estate Market Has A Spring In Its Step! π΅π βοΈ
π π March Market Update ππ‘ Active listings remained strong year-over-year amid the first sales decline of 2024. Single-family homes saw a 7.5% dip compared to March 2023.Β ππ Β However, days on Market decreased from 62 days to 55 days. The number of homes sold is up with 7,334 units sold, and theΒ average sales price for single-family homes rose to $412,464.Β ππ
Now, let's dive into inventory.Β The Greater Houston housing market continued to blossom with a robust inventory ready to meet impending demand!Β ποΈπ Months of inventory has risen from 2.6 to 3.5 this year compared to the same time last year.Β
The Houston real estate is shifting into the Spring & Summer market so make sure that you stay informed to make the best decisions for your future. Our team is here to help you navigate these changes.Β π‘π€ Β
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