Aug 17, 2016
Houston home prices fall in 2Q 2016
HOUSTON - Houston was among 29 metro areas of 178 tracked where home prices fell in second quarter 2016, the National Association of Realtors reported.The median existing single-family home price...
HOUSTON – Houston was among 29 metro areas of 178 tracked where home prices fell in second quarter 2016, the National Association of Realtors reported.
The median existing single-family home price in Houston fell by 1.7 percent to $217,400 during 2Q 2016, down from $221,100 during the same period in 2015.
Houston-area home prices still are higher than last year’s median price of $213,400 and well above the median prices of $198,400 in 2014 and $181,300 in 2013.
They are below the national median price of $240,700, 4.9 percent higher than in 2Q 2015.
The local Houston Association of Realtors, meanwhile, reported a median home price of $230,000 in July.
The price, which factors in a small number of new homes, was a record for a July. Excluding new houses, the median price in Houston rose to $217,500 in July.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.