Houston Real Estate Highlights in July-HAR Report
Single-family home sales increased 9.2% year-over-year;
Days on Market (DOM) for single-family homes went from 45 to 50 days;
The single-family median price declined 3.1% to $339,000;
The single-family average price was down 1.9% to $434,664;
Single-family home months of inventory expanded to a 5.5-months supply, up from 4.2 months last July.
Townhome and condominium sales edged up by 0.4% with 468 units sold. The median price declined 1.1% to $217,500, and the average price increased 2.6% to $266,501.
Total property sales increased 9.0% with 9,732 units sold;
Total dollar volume rose 7.2% to $4 billion.