Houston Real Estate Milestones in October

November 16th, 2011

Volume of single-family home sales rose for a fifth consecutive month;
Volume of townhouse/condominium sales rose for the fourth straight month;
At $208,506, the average price of a single-family home reached the highest level for an October in Houston;
At $150,000, the median sales price for single-family homes matched its all-time October high set in 2010;
Single-family home rentals rose 24.8 percent;
Townhouse/condominium rentals increased 18.5 percent;
6.6 months inventory of single-family homes is the lowest level since April 2010 and compares favorably to the national average of 8.5 months.

Source: Houston Association of Realtors/David Mendel
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