Houston Housing Stats June 2016

[Sharon Tzib]

Highlights:

• Single-family home sales were basically unchanged with a total of 7,696 units sold;
• On a year-to-date basis, single-family home sales are up 2.7 percent;
• Total property sales fell 0.9 percent to 9,139 units;
• Total dollar volume declined 1.7 percent to $2.6 billion;
• At $230,538, the single-family home median price rose 2.5 percent to a record high;
• The single-family home average price declined 0.8 percent to the second highest level of all time, $300,178 (the highest was $302,599 in June 2015);
• Single-family homes months of inventory climbed to a 3.7-months supply versus 3.2 months a year earlier;
• Townhome/condominium sales fell 5.8 percent with the average price down 2.4 percent to $197,937 and the median price up 2.1 percent to $164,450;
• Leases of single-family homes were up 4.8 percent with rents up slightly to $1,883;
• Leases of townhomes/condominiums soared 12.9 percent with rents down 5.6 percent to $1,658.

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