Houston Real Estate Milestones In February

Houston Real Estate Milestones In February

  • Single-family home sales increased 8.3 percent year-over-year, resulting in the market’s 33rd consecutive monthly increase;
  • Total property sales rose 8.9 percent compared to one year earlier;
  • Total dollar volume soared 22.5 percent, increasing from $1.1 billion to $1.4 billion on a year-over-year basis;
  • At $181,500, the single-family home median price reached the highest level for a February in Houston;
  • At $247,534, the single-family home average price also reached a February high;
  • A 2.6-month supply of inventory of single-family homes is unchanged from December but down from a 3.6-month supply in February 2013 while comparing to the national average of 4.9 months;
  • Sales of townhouses/condominiums grew 5.2 percent year-over-year;
  • Rentals of single-family homes rose 19.2 percent while rentals of townhouse/condominium units rose 4.3 percent.
Source:  HAR


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Dated: March 18th 2014
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