Houston Housing Stats June 2018

[Sharon Tzib]

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

Houston Real Estate Highlights in June

• Single-family home sales rose 1.8 percent year-over-year, with 8,518 units sold, the largest one-month sales volume of all time;
• Days on Market (DOM) for single-family homes declined from 50 to 48 days;
• Total property sales reached record levels, rising 1.7 percent, with 10,115 units sold – the first time that number has broken the 10-thousand mark;
• Total dollar volume increased 6.6 percent to slightly more than $3 billion;
• The single-family home median price rose 2.6 percent to $245,000, reaching an all-time high;
• The single-family home average price increased 4.3 percent to a record high of $316,463;
• Single-family homes months of inventory was at a 4.1-months supply, the highest level since last August and equal to the national inventory level;
• Townhome/condominium sales rose 4.9 percent, with the average price down 1.7 percent to $211,050 and the median price down 4.1 percent to $163,000;
• Leases of single-family homes climbed 4.7 percent with the average rent up 3.9 percent to $1,877;
• Volume of townhome/condominium leases fell 4.2 percent with the average rent up 6.7 percent to $1,662.