Houston Housing Stats April 2017

[Sharon Tzib]

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

Houston Real Estate Highlights in April

• Single-family home sales rose 3.1 percent year-over-year with 6,583 units sold;
• Total property sales increased 4.2 percent with 8,014 units sold;
• Total dollar volume jumped 8.1 percent to $2.2 billion;
• At $228,000, the single-family home median price rose 4.6 percent to an April high;
• The single-family home average price climbed 4.7 percent to $291,770, which was also the highest level for an April;
• Single-family homes months of inventory grew to a 4.0-months supply, the highest level since August 2016;
• Townhome/condominium sales increased 3.8 percent, with the average price down 0.6 percent to $207,527 and the median price up 8.5 percent to $171,500;
• Leases of single-family homes soared 14.6 percent with average rent down 4.9 percent to $1,715;
• Volume of townhome/condominium leases rose 5.9 percent with average rent down 1.1 percent to $1,557.