Houston August Housing Stats

[Sharon Tzib]

Houston August Housing Stats

Highlights:

• Single-family home sales edged up a fractional 0.6 percent versus August 2014;
• Total property sales were flat year-over-year at 8,836 units;
• Total dollar volume increased 2.6 percent to $2.4 billion;
• At $282,233, the single-family home average price reached a record high for an August;
• At $215,100, the single-family home median price also achieved a record August high;
• Single-family homes months of inventory climbed to a 3.5-months supply;
• Single family home leases were up 4.5 percent while townhome/condominium leases rose 10.0 percent with average rents up year-over-year.