There was no slowing down in September for the Houston real estate market. Here are some of the milestones:
Houston Real Estate Milestones in September
Single-family home sales increased 23.5 percent year-over-year, accounting for the market’s 28th consecutive monthly increase;
Total property sales rose 25.7 percent compared to one year earlier;
Total dollar volume soared 40.2 percent, increasing from $1.25 billion to $1.75 billion on a year-over-year basis;
At $181,570, the single-family home median price reached the highest level for a September in Houston;
At $248,256, the single-family home average price also reached a September high;
3.2 months inventory of single-family homes is down from 3.3 months in August 2013 and down from 4.7 months in September 2012 while comparing to the national average of 4.9 months;
Sales of townhouses/condominiums rose 42.2 percent year-over-year.
Rentals of single-family homes rose 15.9 percent while and townhouse/condominium units were flat.
Townhome/condominium average rents reached a record high of $1,519.
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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