June 2015 Houston Housing Stats

[Sharon Tzib]

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

Highlights are:

• Single-family home sales rose 4.1 percent versus June 2014;
• Total property sales were up 3.3 percent year-over-year to a record 9,480 units;
• Total dollar volume increased 9.5 percent to $2.7 billion;
• At $302,942, the single-family home average price reached an all-time record high;
• At $225,000, the single-family home median price also achieved an historic high;
• Single-family homes months of inventory edged up to a 3.2-months supply, matching a level not seen since September 2013;
• Days on Market for single-family homes fell to a record low 43 days versus 47 days a year earlier.
• Townhome/condominium sales rose 6.7 percent;
• Single family home leases were up 4.6 percent while townhome/condominium leases rose 5.1 percent with average rents up year-over-year.