Houston Real Estate Milestones in May

Houston Real Estate Milestones in May

·  Volume of single-family home sales jumped 23.8 percent, marking the greatest monthly increase since August 2011 and accounting for the market's 12th consecutive monthly increase;

·  At $237,083, the single-family home average price reached an historic high for Houston;

·  At $168,000, the single-family home median price also hit the highest level ever seen in Houston;

·  Sales of townhouses/condominiums soared 31.0 percent and the average price achieved a record high of $186,472;

·  Single-family home rentals rose 15.5 percent while rentals among townhouses/condominiums increased 1.3 percent;

·  5.5 months inventory of single-family homes remains at the lowest level in more than five years and compares favorably to the national average of 6.6 months.

Brandi Chapman Headshot
Phone: 281-682-6069
Dated: June 19th 2012
Views: 1,299
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