HOUSTON HOME BUYERS PUMP UP THE VOLUME IN JUNE

[Jhoana Olarte]

Houston Real Estate Highlights in June

• Single-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;
• The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;
• Total property sales soared 18.3 percent with 11,153 units sold;
• Total dollar volume climbed 15.1 percent to $3.3 billion;
• Single-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;
• The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;
• Total property sales soared 18.3 percent with 11,153 units sold;
• Total dollar volume climbed 15.1 percent to $3.3 billion;
• The single-family home median price set a new record high of $262,000 as it rose 3.6 percent year-over year;
• The single-family home average price declined 0.6 percent to $319,881;
• Single-family homes months of inventory was at a 3.2-months supply, down from 4.3 months last June and below the national inventory level of 4.8 months;
• Townhome/condominium sales reversed three monthly declines, rising 1.9 percent, with the average price down 5.4 percent to $212,216 and the median price down 1.8 percent to $174,350;
• Single-family home rentals jumped 15.3 percent with the average rent down 1.0 percent to $1,906;
• Volume of townhome/condominium leases was unchanged with the average rent up 7.9 percent to $1,731.