Houston housing market 2023

With a cost of living below the national average and a strong local job market, Houston offers the best of both worlds, attracting people who seek both big-city amenities and affordability. But here, as in many cities nationwide, the housing market is somewhat in flux as calendars roll into 2023.
On the one hand, the pace of sales is slowing and the number of days on the market rising in the latter half of 2022, as higher mortgage rates put many potential homebuyers on pause. On the other, single-family home prices remain relatively high and inventory tight, especially in the more desirable neighborhoods. 

Houston Real Estate Market Trends

As they have since mid-2021, median single-family home prices remain above $300,000 in the Houston metropolitan area, according to the Houston Association of Realtors (HAR), and the average price of a single-family home is just over $400,000, as of October 2022.

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