Houston Housing Stats November 2015

[Sharon Tzib]

November 2015 Houston Housing Stats

Highlights:

• Single-family home sales fell 10.5 percent compared to November 2014, marking the second consecutive monthly decline and sixth month of negative sales volume for all of 2015;
• Total property sales dropped 10.1 percent (5,623 units);
• Total dollar volume decreased 13.5 percent to $1.4 billion;
• At $262,064, the single-family home average price saw its first decline since February 2012;
• At $200,000, the single-family home median price achieved a November high;
• Single-family homes months of inventory climbed to a 3.4-months supply versus 2.7 months a year earlier;
• Townhomes/condominium sales dropped 10.3 percent with the average price down 9.3 percent to $183,884 and the median price down 15.2 percent to $130,000;
• Leases of single-family homes rose 7.5 percent with rents up 1.9 percent to at $1,707;
• Leases of townhomes/condominiums jumped 8.1 percent with rents flat $1,527.

Great time for investors to buy right now before the Spring frenzy starts again.