What goes up must come down.

The Houston housing market offered a bit of a mixed bag last month. We saw a decline in property sales and the third negative sales month of the year. met with an increase in prices. This was met, however, with a record-setting median price of $319,000 and the second highest average home price of $392,449.

Inventory remained low, 14% lower than this time last year and 0.7 months less than the national level. Days on Market (DOM) also took a dip, dropping from 47 to 37.

For the full MLS Report, click here.