Houston Housing Stats December 2015

[Sharon Tzib]

http://www.har.com/content/newsroom

Houston Real Estate Milestones in December

• Single-family home sales fell 9.4 percent compared to December 2014, marking the third consecutive monthly decline;
• Total property sales dropped 9.9 percent (6,988 units);
• Total dollar volume decreased 10.9 percent to $1.8 billion;
• At $216,000, the single-family home median price achieved a December high;
• Single-family homes months of inventory climbed to a 3.2-months supply versus 2.5 months a year earlier;
• Townhomes/condominium sales dropped 2.9 percent with the average price down 14.6 percent to $197,904 and the median price up 1.2 percent to $159,900;
• Leases of single-family homes rose 2.9 percent with rents flat at $1,710;
• Leases of townhomes/condominiums declined 3.6 percent with rents down 3.1 percent at $1,459.

[Simon Shih]

Not surprising. And with oil and gas prices staying low, things won't get better anytime soon.