Houston Housing Stats June, 2021

[Sharon Tzib]

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

Houston Real Estate Highlights in June:

• -Single-family home sales increased for the thirteenth consecutive month, up 13.6 percent year-over-year with 10,638 units sold;
• -The Days on Market (DOM) figure for single-family homes fell from 57 to 29;
• -Total property sales rose 16.9 percent with 13,090 units sold – the highest volume in history;
• -Total dollar volume increased 43.8 percent to $4.8 billion – a historic high;
• -The single-family average price reached a new record high, increasing 23.7 percent to $395,316;
• -The single-family median price rose 20.0 percent to $314,500 – also a record high;
• -Single-family homes months of inventory registered a 1.5-months supply, down from 3.0 months year-over-year and below the national inventory of 2.5 months;
• -On a year-to-date basis, single-family homes sales are running 25.9 percent ahead of 2020’s record pace.
• -Townhome/condominium sales jumped 49.9 percent with the average price up 16.9 percent to $247,827 and the median price up 22.4 percent to $214,125 – both record-setting prices;
• -Single-family home rentals fell 24.1 percent with the average rent up 10.6 percent to a record high $2,111;
• -Townhome/condominium leases were flat with the average rent up 4.0 percent to a record high $1,799.