Houston Real Estate Highlights in July

• Single-family home sales fell 8.8 percent with a total of 7,204 units sold;
• On a year-to-date basis, single-family home sales are up about one percent;
• Total property sales fell 8.6 percent to 8,571 units;
• Total dollar volume declined 9.0 percent to $2.4 billion;
• At $230,000, the single-family home median price rose 4.1 percent to a July high and second all-time high;
• The single-family home average price declined 0.5 percent to $292,316;
• Single-family homes months of inventory climbed to a 4.0-months supply, its highest level since November 2012;
• Townhome/condominium sales fell 7.4 percent with the average price down 2.5 percent to $197,104 and the median price up 4.5 percent to $159,900;
• Leases of single-family homes were up 2.3 percent with rents up slightly to $1,879;
• Leases of townhomes/condominiums soared 10.6 percent with rents flat at $1,630.

The computerized Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 32,000 REALTORS® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at https://www.har.com.

The information published and disseminated to the HAR Multiple Listing Services is communicated verbatim, without change by Multiple Listing Services, as filed by MLS participants.

The MLS does not verify the information provided and disclaims any responsibility for its accuracy. All data is preliminary and subject to change. Monthly sales figures reported since November 1998 includes a statistical estimation to account for late entries. Twelve-month totals may vary from actual end-of-year figures. (Single-family detached homes were broken out separately in monthly figures beginning February 1988.)

Founded in 1918, the Houston Association of REALTORS® (HAR) is a 32,000-member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.