HAR: Houston home sales 2012 and Dec. 2012
HOUSTON – The heaviest one-month sales volume of the year was recorded in August, with 6,447 closings, with the lightest in January, with 3,039 closings. October marked the greatest year-over-year percentage sales increase, with a 30.3 percent gain over October 2011.
Single-family home sales rose 16.1 percent for the year. Total dollar volume for full-year 2012 jumped 23.3 percent to $16 billion compared to full-year 2011.
Home sales increased 11.4 percent year-over-year in December 2012, accounting for the market’s 19th consecutive monthly increase. Total dollar volume jumped 25.9 percent, increasing from $1.1 billion to $1.4 billion on a year-over-year basis.
At $243,797, the single-family home average price reached the highest level ever in Houston, and the median of $172,500 also reached an historic high in Houston. Inventory of 3.7 months is the lowest level since December 1999 and is lower than the national average of 4.8 months.
| Dec. 2011 | Dec. 2012 | Change | Year-end 2011 | Year-end 2012 | Change | |
| Home sales | 4,524 | 5,039 | 11.4% | 53,592 | 62,229 | 16.1% |
| Average sales price | $218,960 | $243,797 | 11.3% | $213,723 | $225,330 | 5.4% |
| Median sales price | $160,000 | $172,500 | 7.8% | $155,000 | $164,500 | 6.1% |
| Months inventory | 5.8 | 3.7 | -36.2% | — | — | — |
Read more at the Houston Association of Realtors.
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