Overall home sales in Houston for the month of January totaled 3,760, an increase of 0.5 percent over last January’s total of 3,743, according to the Houston Association of Realtors. By a slight margin, this represents the highest number of sales the region has ever recorded in the month of January.

Single-family home sales, however, decreased 2 percent last month to 2,991 from last January’s 3,053. The median price of single-family homes dropped to $126,000 in January, compared to $129,000 last January.

The number of available properties in January 2004 consisting of single-family homes, town homes, multifamily, country homes, high-rise properties and lots listed on the MLS topped out at 37,272, representing the highest level of inventory ever recorded in the month of January. Available properties totaled 34,012 during January 2003.

“Three factors support any real estate economy: job growth, continued low interest rates and a good balance of available property,” said HAR Chairman and Stewart Title Chief Economist Ted C. Jones, Ph.D. “Having each of these factors currently in place, the business climate in Houston portends a healthy real estate market for 2004.”

All listing categories combined, Houston’s market as a whole showed an increase across the board, including sales, available inventory, pending sales and overall total dollar volume.

The computerized Multiple Listing Service of the Houston Association of Realtors includes residential properties and new homes listed by 18,000 Realtors throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription