Houston Housing Stats February 2016

[Sharon Tzib]

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

Highlights:

• Single-family home sales rose 2.2 percent compared to last February, marking the first increase since September 2015;
• Total property sales were unchanged at 5,548 units;
• Total dollar volume increased 1.2 percent to $1.4 billion;
• At 260,872, the single-family home average price reached its highest level ever for a February;
• The single-family home median price was unchanged from a year earlier at $200,000;
• Single-family homes months of inventory climbed to a 3.4-months supply versus 2.7 months a year earlier;
• Townhomes/condominium sales fell 17.8 percent with the average price down 1.3 percent at $199,205 and the median price up 2.8 percent to $150,000;
• Leases of single-family homes soared 14.6 percent with rents up a fractional 0.6 percent at $1,688;
• Leases of townhomes/condominiums climbed 10.3 percent with rents up 2.5 percent to $1,545.