Although January’s historic snowfall caused a slight hiccup for Houston home sales, the market rebounded and “maintained a healthy balance between supply and demand,” the Houston Association of REALTORS® (HAR) said.

According to the association’s January Housing Market Update, single-family home sales rose 1.2% year over year, with 5,064 homes sold. That marks the fifth consecutive month of year-over-year growth, the longest stretch since early 2021.

Sales increased most in the luxury segment; homes priced $1 million or more jumped 20.7% year over year. Sales also rose 8.1% among homes priced between $500,000 and $999,999. The majority of home sales last month were priced between $250,000 and $499,000, although homes in that segment fell 1.6% annually.

Pending sales also increased 4.8% year over year, with 6,745 listings going under contract.

“We’re seeing a healthy balance in the Houston housing market as we head into the traditionally busy spring and summer months,” HAR Chair Shae Cottar said in a press release. “Inventory is in a good place to handle the expected uptick in buyer demand. Interest rates will remain a factor, but the market fundamentals are strong.”

Active single-family listings rose 26.3% year over year, with 47,864 total properties on the market. Meanwhile, the average and median sales prices also rose: The average rose 4.4% year over year to $406,492, while the median rose 1.6% year over year to $325,000.

Townhome and condo sales also took a rare spike into positive territory, with 360 sales, a 6.8% increase year over year. That’s only the second annual increase since June 2022.

The average price for townhomes and condos was statistically flat at $248,241, while the median price dropped 4.1% year over year to $211,000.