Houston Housing Stats January, 2018

[Sharon Tzib]

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

Houston Real Estate Highlights in January:

• Single-family home sales rose 8.9 percent year-over-year, with 4,469 units sold;
• Days on Market (DOM) for single-family homes increased slightly from 65 days in January 2017 to 67 days this January;
• Total property sales increased 8.7 percent with 5,468 units sold;
• Total dollar volume climbed 6.3 percent to $1.4 billion;
• The single-family home median price rose 3.8 percent to $218,000, which represents a January high;
• The single-family home average price declined 2.1 percent to $270,303;
• Single-family homes months of inventory was unchanged year-over-year at a 3.3-months supply;
• Townhome/condominium sales fell 1.3 percent, with the average price up 2.1 percent to $192,918 and the median price up 13.6 percent to $159,000;
• Leases of single-family homes rose 1.9 percent with the average rent up 1.4 percent to $1,748;
• Volume of townhome/condominium leases fell 5.3 percent with average rent up 1.3 percent to $1,516