Houston Market Report: June 2016

mariagoris2 February 21, 2020

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