Houston Housing Stats Jan 2016

[Sharon Tzib]

January 2016 Houston Housing Stats

Houston Real Estate Highlights in January

• Single-family home sales declined 2.1 percent compared to January, marking the fourth consecutive monthly decline;
• Total property sales were unchanged at 4,965 units;
• Total dollar volume was statistically flat at $1.2 billion;
• At 262,663, the single-family home average price reached its highest level ever for a January;
• At $200,000, the single-family home median price also achieved a January high;
• Single-family homes months of inventory climbed to a 3.3-months supply versus 2.5 months a year earlier;
• Townhomes/condominium sales rose 15.6 percent with the average price unchanged at $183,076 and the median price up 2.4 percent to $140,000;
• Leases of single-family homes rose 2.8 percent with rents up 4.2 percent at $1,742;
• Leases of townhomes/condominiums climbed 12.2 percent with rents up fractionally to $1,568.