Houston Housing Stats July 2016

[Sharon Tzib]

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

Houston Real Estate Highlights in July:

• Single-family home sales fell 8.8 percent with a total of 7,204 units sold;
• On a year-to-date basis, single-family home sales are up about one percent;
• Total property sales fell 8.6 percent to 8,571 units;
• Total dollar volume declined 9.0 percent to $2.4 billion;
• At $230,000, the single-family home median price rose 4.1 percent to a July high and second all-time high;
• The single-family home average price declined 0.5 percent to $292,316;
• Single-family homes months of inventory climbed to a 4.0-months supply, its highest level since November 2012;
• Townhome/condominium sales fell 7.4 percent with the average price down 2.5 percent to $197,104 and the median price up 4.5 percent to $159,900;
• Leases of single-family homes were up 2.3 percent with rents up slightly to $1,879;
• Leases of townhomes/condominiums soared 10.6 percent with rents flat at $1,630.