Houston Housing Stats September, 2020

[Sharon Tzib]

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

Houston Real Estate Highlights in September:

• -Single-family home sales increased for a fourth consecutive month, rocketing 29.1 percent year-over-year with 9,101 units sold;
• -The Days on Market (DOM) figure for single-family homes lowered from 56 to 51 days;
• -Total property sales shot up 31.9 percent with 11,137 units sold;
• -Total dollar volume soared 43.6 percent to $3.4 billion;
• -The single-family home median price rose 8.3 percent to $265,000 – the highest median price for a September;
• -The single-family home average price increased 10.1 percent to $329,801 – the highest average price for a September;
• -Single-family homes months of inventory registered a 2.5-months supply, down from 3.9 months last -September and below the national inventory level of 3.0 months. The last time inventory was that low was in December 2014;
• -Townhome/condominium sales jumped 21.3 percent, with the average price up 7.0 percent to $214,337 and the median price up 4.4 percent to $177,500;
• -Single-family home rentals were down 3.9 percent with the average rent up 5.5 percent to $1,940;
• -Townhome/condominium leases were flat with the average rent up 6.5 percent to $1,690.