🎉 Houston Real Estate Market Bounces Back in November 🏠

Hey there, Houston homebuyers and sellers! We’ve got some exciting news to brighten up your holiday season! For the first time in 19 months, the Greater Houston real estate market has seen positive sales figures, and there’s more to celebrate as we wrap up 2023. Let’s dive into the details! 🔍

📈 Single-Family Home Sales Rise 🎊

In November, single-family home sales in Greater Houston rose by 4.9%, with 6,154 units sold compared to 5,864 in November 2022. This increase is the first we’ve seen since March 2022. Furthermore, the months supply of homes has increased from 2.8 to 3.5, which is the highest level since November 2019. What a fantastic way to end the year! 🎁

💰 Pricing Continues to Moderate 💸

The overall trend in home prices has seen a bit of moderation, with the average price of a single-family home in Greater Houston rising by just 1.0% to $404,597. Meanwhile, the median price has seen a slight dip of 1.2%, settling at $326,000. These stats reveal that the market is becoming more favorable for buyers, giving you even more reasons to celebrate! 🎇

🏘️ Best Performing Segment: Homes Priced $250,000 – $500,000 🏆

Homes in the $250,000 – $500,000 price range saw the highest year-over-year growth, increasing by 8.0%. This segment makes up the largest portion of the market at 59.8%. So if you’re on the hunt for a home in this range, you’re in good company! 🏡

👀 More Active Listings & Showings to Choose From 🌟

We’re also delighted to report that active listings in November were up by 13.5% from the previous year, with a total of 24,860 available properties. That’s more homes for you to choose from to find your dream home! Plus, property showings remained strong, increasing by 1.9% compared to November 2022. 🙌 If your home is on market, this is great news.

Your Real Estate Dreams Can Come True with the Selling Houston Team 💖

Remember, the Selling Houston Team is here to support and empower you on your real estate journey. We pride ourselves on offering personalized services for homebuyers, sellers, and investors, tailored to your unique needs.

Whether you’re looking to buy your first home, sell your property, or grow your investment portfolio, we’re committed to making the process enjoyable and educational. With our expert knowledge and unwavering dedication, we’ll help you turn your real estate dreams into a reality. 🌈

Hearing success stories from our clients is what fuels our passion for real estate. Check out our testimonials to see the positive impact of working with the Selling Houston Team!

So don’t hesitate – reach out to us today and let’s make your real estate dreams come true together! 🤝✨