Houston Housing Stats June 2017

[Sharon Tzib]

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

Houston Real Estate Highlights in June

• Single-family home sales rose 8.3 percent year-over-year with 8,414 units sold – the largest one-month sales volume of all time;
• Total property sales increased 8.3 percent with 9,993 units sold;
• Total dollar volume jumped 10.4 percent to $2.9 billion;
• The single-family home median price rose 2.6 percent to a record high of $239,023;
• The single-family home average price increased 1.5 percent to $304,155, which was also a record high;
• Single-family homes months of inventory grew to a 4.4-months supply, the highest level since October 2012;
• Townhome/condominium sales edged up 1.2 percent, with the average price up 7.6 percent to $215,713 and the median price up 3.6 percent to $171,000;
• Leases of single-family homes jumped 17.4 percent with average rent down 4.0 percent to $1,806;
• Volume of townhome/condominium leases rocketed 21.3 percent with average rent up 2.5 percent to $1,698.