Houston Housing Stats July 2017

[Sharon Tzib]

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

Houston Real Estate Highlights in July:

• Single-family home sales rose for the tenth straight month, up 5.0 percent year-over-year with 7,440 units sold;
• On a year-to-date basis, single-family home sales remain 6.8 percent ahead of the 2016 volume;
• Total property sales increased 4.5 percent with 8,821 units sold;
• Total dollar volume climbed 7.5 percent to $2.5 billion;
• The single-family home median price remained statistically unchanged at $230,000;
• The single-family home average price increased 2.4 percent to $299,131;
• Single-family homes months of inventory grew to a 4.5-months supply, the highest level since September 2012;
• Townhome/condominium sales fell 9.0 percent, with the average price up 1.8 percent to $201,148 and the median price down 6.2 percent to $150,000;
• Leases of single-family homes jumped 15.6 percent with average rent down 3.2 percent to $1,815;
• Volume of townhome/condominium leases rose12.3 percent with average rent down 5.1 percent to $1,546.