"The number of listings on the market remained practically unchanged from last month, which is typical for this time of the year in Houston, and homes are also selling slower than at the same time last year. Home prices in Houston Typically, home price per square foot in Houston tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.9% compared with the month before."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Space City are larger the national market. Houston inventory In October, there were 11,417 homes for sale in Houston, which was 0.2% more than the month before and 22.8% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001."
Median listing price in Houston was $325,450 in October, reflecting a moderate month-over-month decline. Price per square foot in Houston decreased 0.9% from the previous month, slightly larger than the national 0.8% decline. Active inventory in Houston totaled 11,417 homes, up 0.2% month-over-month and 22.8% year-over-year. New listings numbered 3,014, rising 4.7% from the month before and 0.8% year-over-year, while national new listings fell 2.7% to 384,264. Homes in Houston averaged 53 days on market in October, unchanged monthly and six days longer than last year, versus a 63-day national average.
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