YOUR MONTHLY MARKET UPDATE

Houston Real Estate Highlights in June

-Single-family home sales increased 12.5% year-over-year;

-Days on Market (DOM) for single-family homes went from 47 to 49 days;

-The single-family average price increased 4.4% to $450,235;

-Single-family home months of inventory expanded to a 5.4-months supply, up from 4.2 months last June.

-Townhome and condominium sales declined 4.4% year-over-year. the average price declined 3.3% to $261,702.

-Total property sales increased 10.4% with 9,993 units sold