After three consecutive years of booming double digit growth, Houston's home price growth flattened in 2015. The average home price in Houston rose 3.11% to $303,466 -- up from $294,308 in 2014. Median home prices jumped 3.17% year-over-year to $195,000, according to data obtained from Houston’s MLS.
DECEMBER 2015: HOUSTON REAL ESTATE MARKET AT A GLANCE
Single-family home sales fell 2.4 percent for the year and sales of all property types dropped 2.9 percent.
The total number of 2015 single-family home sales as well as sales of all property types achieved the second-highest levels of all time, behind 2014
- Although still relatively low, single family home inventory is up to 3.2 months of available units versus 2.5 months at the end of 2014.