Houston Housing Stats Sept 2016

[Sharon Tzib]

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

Houston Real Estate Highlights in September

• Single-family home sales declined 0.5 percent with a total of 6,652 units sold;
• On a year-to-date basis, single-family home sales were up 1.3 percent;
• Total property sales were down 1.6 percent to 7,893 units;
• Total dollar volume was unchanged at $2.1 billion;
• At $219,990, the single-family home median price rose 4.8 percent to a September high;
• The single-family home average price increased 2.4 percent to $277,849, which was also the highest level for a September;
• Single-family homes months of inventory climbed to a 3.9-months supply;
• Townhome/condominium sales fell 3.1 percent, with the average price down 3.7 percent to $199,240 and the median price down 4.8 percent to $147,600;
• Leases of single-family homes rose 5.4 percent with average rent down slightly to $1,764;
• Leases of townhomes/condominiums shot up 10.8 percent with average rent down 1.0 percent to $1,524.