Houston Housing Stats July 2015

[Sharon Tzib]

Highlights are:

• Single-family home sales rose 6.7 percent versus July 2014;
• Total property sales were up 6.0 percent year-over-year to a record 9,653 units;
• Total dollar volume increased 11.9 percent to $2.7 billion;
• At $293,790, the single-family home average price reached a record high for a July;
• At $220,000, the single-family home median price also achieved a record July high;
• Single-family homes months of inventory climbed to a 3.4-months supply, matching a level not seen since July 2013;
• Townhome/condominium sales rose 7.3 percent;
• Single family home leases were up 11.8 percent while townhome/condominium leases rose 8.0 percent with average rents up year-over-year.

Read full report here: http://www.har.com/content/mls