Houston Housing Stats August 2016

[Sharon Tzib]

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

Houston Real Estate Highlights in August

• Single-family home sales rose 8.2 percent with a total of 7,914 units sold —the greatest one-month sales volume of all time
• On a year-to-date basis, single-family home sales are up 1.5 percent;
• Total property sales rose 7.1 percent to 9,319 units;
• Total dollar volume shot up 10.6 percent to $2.6 billion;
• At $225,000, the single-family home median price rose 4.2 percent to an August high;
• The single-family home average price increased 2.4 percent to $289,519, which was also the highest level for an August;
• Single-family homes months of inventory climbed to a 4.0-months supply;
• Townhome/condominium sales rose 5.1 percent, with the average price up 1.0 percent to $202,669 and the median price up 4.0 percent to $156,000;
• Leases of single-family homes were down 2.2 percent with average rent down slightly to $1,878;
• Leases of townhomes/condominiums rose 5.7 percent with average rent down 2.6 percent to $1,604.