HOUSTON REAL ESTATE MARKET REPORT JAN 2023
By James Potenza Texas Buyer Realty, Don't go to the builder without a new home Realtor
(Texas Buyer Realty)
INTEREST RATES CONTINUE TO WEIGH ON HOUSTON HOME SALES AS 2023 BEGINS An upswing in new listings and further pricing moderation bode well for homebuyers in the months ahead HOUSTON — (February 8, 2023) — January was an expectedly slow month for home sales across the Houston area coming out of the holidays and easing back into the more familiar pre-pandemic trending of the start of a new year. While sales were down, there were positive indicators for consumers considering reviving their homebuying quests this year, including more robust inventory and moderating prices. According to the Houston Association of Realtors’ (HAR) January 2023 Market Update, single-family home sales fell 29.9 percent, with 4,549 units sold compared to 6,492 in January 2022. That marks the tenth consecuti...
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