Houston Home Sales Cool in February

Was it the cold weather that cooled Houston home sales in February?  Time will tell. Total property sales in greater Houston declined 4.7% versus February 2024.  Dollar volume decreased .6%. Active listings are up 26.7% annually.  Single family homes for sale inventory rose to 4.4 months supply compared to 3.3 months of supply in 2024.  The good news is that pending single family home sales rose 5.8% over last year.

Condos and townhome sales declined a whopping 21.9%.  The inventory of townhomes and condominiums for sale expanded to 6.2-months, the highest level since June 2012. 

Home sales by price category –

• $1 – $99,999: decreased 23.7 percent
• $100,000 – $149,999: decreased 6.9 percent
• $150,000 – $249,999: increased 2.0 percent
• $250,000 – $499,999: decreased 3.0 percent
• $500,000 – $999,999: decreased 5.6 percent
• $1M and above: increased 1.9 percent