Houston Real Estate Highlights in September

[Jhoana Olarte]

• Single-family home sales staged a second consecutive monthly increase, rising 1.5 percent with units 9,226 sold versus 9,086 in September 2020.
• The Days on Market (DOM) figure for single-family homes fell from 51 to 29;
• Total property sales increased 1.6 percent with 11,285 units sold;
• Total dollar volume rose 16.9 percent to $4.0 billion;
• The single-family average price increased 13.4 percent to $372,408;
• The single-family median price rose 13.3 percent to $300,000;
• Single-family homes months of inventory registered a 1.8-months supply, down from 2.4 months year-over-year and below the national inventory of 2.6 months;
• On a year-to-date basis, single-family homes sales are running 15.3 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.
• Townhome/condominium sales rose 11.7 percent with the average price up 12.1 percent to $240,994 and the median price up 17.6 percent to $210,000;
• Single-family home rentals fell 8.2 percent with the average rent up 9.0 percent to $2,115;
• Townhome/condominium leases fell 1.8 percent with the average rent up 6.3 percent to $1,793.

Source: HAR