Although flattening out, Houston home prices for November continue to grow year-over-year. The average home price rose 3.7 percent from last year to $303,966 — up from $293,103 in November 2014 — while median prices jumped 3 percent year-over-year to $195,000, according to data obtained from Houston’s MLS.
NOVEMBER 2015: HOUSTON REAL ESTATE MARKET AT A GLANCE
Single-family home sales fell 10.5 percent compared to November 2014, marking the second consecutive monthly decline and sixth month of negative sales volume for all of 2015
Total property sales dropped 10.1 percent (5,623 units)
Total dollar volume decreased 13.5 percent to $1.4 billion
At $262,064, the single-family home average price saw its first decline since February 2012
At $200,000, the single-family home median price achieved a November high
Single-family homes months of inventory climbed to a 3.4-months supply versus 2.7 months a year earlier