The Houston housing market recorded across-the-board gains in December, with single-family home sales, total property sales, total dollar volume and pricing all up compared to December 2015.
Month-end pending sales for single-family homes totaled 4,746, an increase of 11.7 percent compared to last year. Total active listings, or the total number of available properties, rose 7.1 percent from December 2015 to 33,802.
Single-family homes inventory grew fractionally from a 3.2-months supply to 3.3 months. For perspective, housing inventory across the U.S. currently stands at a 4.0-months supply, according to the latest report from the National Association of Realtors (NAR).
|CATEGORIES||DECEMBER 2015||DECEMBER 2016||CHANGE|
|Total property sales||7,483||7,868||5.1%|
|Total dollar volume||$2,011,469,375||$2,214,420,498||10.1%|
|Total active listings||31,550||33,802||7.1%|
|Total pending sales||6,297||6,628||5.3%|
|Single-family home sales||$282,246||$294,512||4.3%|
|Single-family average sales price||$219,900||$225,903||2.7%|
|Single-family months inventory*||3.2||3.3||0.1 mos.|
|Single-family pending sales**||4,250||4,746||11.7%|