Latest MLS Summary Report Houston

Houston temperatures finally cooled a bit in September, but home sales remained hot.  Sales of single-family homes climbed nearly 17 percent when compared to 2010 numbers. It was the fourth consecutive month of increased sales volume. 

More good news, the prices of those homes achieved all-time highs for a September in Houston.  In addition, the of inventory of homes for sale fell to the lowest level since May 2010, while pending sales rose and active listings declined.  All these factors are considered signs of a healthy and balanced housing market as the fall season got underway. 

The average price of a single-family home rose 0.4 percent from September 2010 to $213,334, the highest level for a September in Houston.  The September single-family home median price—the figure at which half of the homes sold for more and half sold for less—also reached a September high for the market, rising 1.6 percent to $157,500. 

September sales of all property types in Houston totaled 5,469, up 15.9 percent compared to September 2010.  Total dollar volume for properties sold during the month jumped 16.0 percent to $1.1 billion versus $962 million one year earlier.

THE BOTTOM LINE: Sales of single-family homes were up in September, for the fourth consecutive month. And the number of homes on the market is declining.

Data per Houston Association of Realtors
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