HAR: Houston housing market holds steady in Feb. 2016HAR: Houston housing market holds steady in Feb. 2016https://www.recenter.tamu.edu/news/newstalk-texas/?Item=124532016-03-14T05:00:00Z2016-03-14T13:00:00Z

​​HOUSTON - The Houston real estate market managed to resist most of the effects of the energy downturn in February, with home sales up over 2 percent compared to the same month last year. 

Single-family homes priced between $150,000 and $500,000 recorded positive sales volume while the luxury home segment experienced the biggest decline.

According to the latest monthly report compiled by the Houston Association of Realtors (HAR), February single-family home sales rose 2.2 percent versus February 2015, with a total of 4,602 sales compared to 4,505 a year earlier.

New listings helped inventory grow from a 2.7-months supply to 3.4 months.

February sales of all property types in Houston totaled 5,548, statistically flat compared to the same month last year. Total dollar volume for properties sold in February rose 1.2 percent to $1.4 billion.

Houston’s monthly housing market measurements were largely positive in February compared to those from a year earlier. 

On a year-over-year basis, single-family homes sales, average price, total dollar volume and inventory levels rose while median sales price was flat.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land

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