Houston Market Report: June 2016

Lydia Davies September 19, 2018

As we cross the halfway point of 2016, the real estate market in Houston remains relatively flat.  The average home price for June 2016 was up 1.59% year over year to $304,515.

Houston’s unsold Inventory held steady at 4.1-months of supply. While this is below the current national average of 4.7 months, it is still up slightly from last year’s ~3.5 months of available inventory. This increase in inventory has brought the market much more in balance between buyers and sellers from the past 3 years.  With that, we have seen relatively moderate price appreciation.

KEY NUMBERS FOR JUNE 2016

  • Single-family home sales fell .2 percent compared to June 2015

  • Median home prices were up 3.63 percent to $200,000

  • Total dollar volume increased 3.8 percent to $2.1 billion

  • Pending contracts for June were up 8.6% from June 2015.

  • Total active listings were up 13.6% from June 2015.

Find and click your neighborhood below to get the latest market data for these great Houston neighborhoods.
Afton Oaks / Highland Village
Bellaire
Briargrove
Briargrove Park / Walnut Bend
Camp Logan / Glen Cove
Cottage Grove
Downtown
EADO / Eastwood
East Washington / Sawyer Heights
Garden Oaks
Houston Heights
Knollwood / Woodside
Memorial West
Meyerland Area
Midtown
Montrose
Oak Forest East
Mangum Manor / Oak Forest West
Rice Military / Washington Corridor
River Oaks Shopping Area
Riverside Terrace
Shady Acres
Shepherd Plaza Park
Spring Branch
Timbergrove / Lazybrook
University Place and Museum Park
Westbury / Maplewood / Brays Oaks
West University / Southside
Willow Meadows / Willowbend