Houston Housing Stats March 2016

[Sharon Tzib]

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

Houston Real Estate Highlights in March:

• Single-family home sales declined 2.2 percent compared to last March;
• On a year-to-date basis, single-family home sales are up 1.0 percent;
• Total property sales declined 1.0 percent to 7,375 units;
• Total dollar volume fell 2.5 percent to $1.9 billion;
• At 272,658, the single-family home average price was down 1.6 percent compared to last March;
• The single-family home median price rose 2.4 percent year-over-year to an all-time March high of $215,000;
• Single-family homes months of inventory climbed to a 3.6-months supply versus 2.8 months a year earlier;
• Townhomes/condominium sales rose 1.9 percent with the average price down 2.0 percent to $193,483 and the median price up 4.9 percent to $150,000;
• Leases of single-family homes climbed 9.0 percent with rents up a fractional 0.6 percent to $1,736;
• Leases of townhomes/condominiums rose 7.4 percent with rents up 1.7 percent to $1,596.