"In November, home prices fell slightly from the month before, with a median listing price of $325,000. The number of listings on the market remained practically unchanged from last month, but it is a bigger increase than normal for this time of the year in Houston, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Houston tend to fall in November."
"In November, there were 11,426 homes for sale in Houston, which was practically unchanged from the month before and 21.7% more than the same time last year. The number of new listings in Houston was 2,720, which was 10.8% less than the month before and 2.1% more than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908."
Median listing price in Houston was $325,000 in November, slipping slightly month-over-month. Price per square foot in Houston decreased 0.4% from the prior month, a smaller decline than the national 1.2% drop. Active inventory numbered 11,426 homes, practically unchanged month-over-month and 21.7% higher than the same month last year. New listings in Houston totaled 2,720, down 10.8% month-over-month and up 2.1% year-over-year. National active inventory fell 2.5% to 1,072,266, and national new listings fell 14.1% to 330,908. Homes in Houston averaged 53 days on market, three days longer year-over-year; the national average was 64 days.
Read at SFGATE
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