Houston Real Estate Highlights in June-HAR Report
Single-family home sales increased 12.5% year-over-year;
Days on Market (DOM) for single-family homes went from 47 to 49 days;
The single-family median price was statistically flat at $346,651;
The single-family average price increased 4.4% to $450,235;
Single-family home months of inventory expanded to a 5.4-months supply, up from 4.2 months last June.
Townhome and condominium sales declined 4.4% year-over-year. The median price was down 4.6% to $230,000, and the average price declined 3.3% to $261,702.
Total property sales increased 10.4% with 9,993 units sold;
Total dollar volume rose 16.4% to $4.3 billion.