Oct 14, 2016
Houston home sales ease slightly in September
HOUSTON – Unlike the temperature, single-family home sales throughout greater Houston cooled a bit in September, with a fractional 0.5 percent year-over-year decline, reports the Houston Association of Realtors.Homes priced between...
HOUSTON – Unlike the temperature, single-family home sales throughout greater Houston cooled a bit in September, with a fractional 0.5 percent year-over-year decline, reports the Houston Association of Realtors.
Homes priced between $150,000 and $500,000 saw positive sales volume while the market’s high and low ends experienced declines. Both median and average price reached record highs for September.
A total of 6,652 homes sold last month compared with 6,685 a year earlier. Year-to-date home sales were up 1.3 percent compared with this point in 2015. Inventory levels rose from a 3.5-months supply to 3.9 months.
The single-family home median price rose 4.8 percent to $219,990. That is the highest median price ever for a September. The average price increased 2.4 percent to $277,849, also a September high.
Sales of all property types in Houston last month totaled 7,893, down 1.6 percent from the same month last year. Total dollar volume for properties sold was unchanged at $2.1 billion.
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