Houston home sales Sept. 2014 (HAR)Houston home sales Sept. 2014 (HAR)https://www.recenter.tamu.edu/news/newstalk-texas/?Item=28122014-10-13T13:05:00Z2014-10-13T00:00:00Z

HOUSTON - The housing market experienced across-the-board gains with total property sales, total dollar volume and average and median pricing all up compared to September 2013, according to the latest monthly report prepared by the Houston Association of Realtors (HAR).

Home prices reached record highs for a September. The single-family average price increased 8.2 percent from last year to $269,440 and the median price climbed 7.7 percent year-over-year to $196,000.

Days on Market for single-family homes was 47, slightly above July’s record low of 45 days. Rentals of single-family homes shot up 13.2 percent year-over-year, and the cost of renting those homes increased 2.7 percent to $1,749.

Housing Market Summary: Sept. 2014 vs. Sept. 2013
  Sept. 2013 Sept. 2014 Chg.
Total sales 7,362 7,879 7.0%
Total dollar volume $1,733,076,889 $2,005,556,946 15.7%
Total active listings 32,457 28,946 -10.8%
Total pending sales 3,536 4,143 17.2%
Single-family sales 6,064 6,490 7.0%
Avg. price single-family home $248,948 $269,440 8.2%
Median price single-family home $182,000 $196,000 7.7%
Single-family inventory* 3.2 2.9 -10.0%

* The number of months it will take to deplete current active inventory based on the prior 12 months of sales activity. The market is considered evenly balanced between supply and demand when it has a six-month inventory.

Source: Houston Association of Realtors

Also see 'Housing' under Houston Market Data Sources.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land
http://www.har.com/mls/disppressrelease.cfmRead more at {Source}

 Search NewsTalk Texas