Houston Real Estate Milestones in May
Posted by Iliana Carvajal
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According to Houston Association of Realtors
At $213,474, the average price of a single-family home reached its highest level since August 2008;
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At $157,450, the median price of a single-family home rose to the highest level since August 2008;
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Volume of single-family home sales reached the highest level of 2009;
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Volume of townhouse/condominium sales reached the highest level of 2009;
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Single-family home rentals rose 0.1 percent while rentals of townhouse and condominium units increased 6.2 percent;
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Monthâ??s inventory of single-family homes dipped from 6.5 to 6.2 months compared to the national average of 10.2 months;
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Active listings fell 15.1 percent, representing a generally balanced supply of housing inventory.
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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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