Houston Housing Stats January 2017

[Sharon Tzib]

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

Houston Real Estate Highlights in January

• Single-family home sales rose 1.7 percent with 4,080 units sold;
• Total property sales edged up 0.9 percent with 4,997 units sold;
• Total dollar volume jumped 6.2 percent to $1.3 billion;
• At $210,000, the single-family home median price rose 4.0 percent to a January high;
• The single-family home average price climbed 5.3 percent to $275,696, which was also the highest level for a January;
• Single-family homes months of inventory climbed to a 3.5-months supply;
• Townhome/condominium sales fell 5.4 percent, with the average price up 1.4 percent to $187,178 and the median price down 1.1 percent to $138,000;
• Leases of single-family homes rose 5.7 percent with average rent down slightly to $1,718;
• Leases of townhomes/condominiums increased 6.0 percent with average rent down 4.7 percent to $1,497.