Houston Real Estate Highlights for December and Full-Year 2019(HAR report)
2019 proved to be a record year for Houston home sales with 86,205 single-family homes sold versus 82,229 in 2018, the last record-setting year. That represents an increase of 4.8 percent;
Total dollar volume for full-year 2019 rose 6.7 percent to a record-setting $30 billion;
December single-family home sales jumped 14.3 percent year-over-year with 7,505 units sold. That marks the greatest one-month percentage increase of the year;
Total December property sales increased 14.7 percent to 8,879 units;
Total dollar volume for December soared 18.0 percent to $2.7 billion;
At $251,000, the single-family home median price rose 4.6 percent to a December high;
The single-family home average price climbed 2.5 percent to a December high of $312,922;
Single-family homes months of inventory narrowed slightly to a 3.4-months supply;
Townhome/condominium sales had a strong 2019 finale, jumping 14.1 percent, with the average price up 10.3 percent to $227,239 and the median price up 9.1 percent to $185,000;
Leases of single-family homes rose 5.0 percent with average rent unchanged at $1,764;
Leases of townhomes/condominiums fell 5.5 percent with average rent up 2.7 percent to $1,569.