The Houston Association of Realtors reported the following:
Houston Real Estate Milestones in June
• Volume of single-family home sales rose for the second time in 2011;
• Sales of 5,571 single-family homes represents the highest monthly volume recorded since May 2010;
• At $228,650, the average price of a single-family home reached the highest level of all time;
• At $161,000, the median price of a single-family home reached the highest level since July 2009;
• Single-family home rentals rose 19.2 percent;
• Townhouse/condominium rentals increased 19.5 percent;
• 7.9 months inventory of single-family homes compares favorably to the national average of 9.3 months.
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