Houston Area Home Prices Continue to Rise
Sales numbers from the Houston Association of Realtors (HAR) are out for August 2015. Check out the press release. A few highlights, the median sales price (the figure where half of homes sold for more, half sold for less) rose 4.9% year over year to $215,100. The average sale price rose nearly 3% to $282,233. This means prices are still strong for the Houston area. The number of property sales has seems to have finally stabilized, with the total property sales and total single-family home sales basically the same as August 2014. Months of inventory have increased year over year by half a month to 3.5 months. This is still well under the national average of 4.8 months of inventory. Take a look at some of these figures in the table below. More comprehensive information broken out by market segments or category is available by request.
| CATEGORIES | AUGUST 2014 | AUGUST 2015 | CHANGE |
| Total property sales | 8,838 | 8,836 | 0.0% |
| Total dollar volume | $2,293,946,040 | $2,354,729,681 | 2.6% |
| Total active listings | 29,574 | 34,089 | 15.3% |
| Single-family home sales | 7,407 | 7,454 | 0.6% |
| Single-family average sales price | $274,302 | $282,233 | 2.9% |
| Single-family median sales price | $205,000 | $215,100 | 4.9% |
| Single-family months inventory | 3.0 | 3.5 | 18.4% |
| Single-family pending sales | 7,525 | 7,413 | -1.5% |
