February 2016 was pretty much a repeat of the last 3 to 4 months. Prices remain steady with moderate increases. However, inventory levels remain relatively stable and low, which has helped to buoy prices and days on market over the past several months. The average home price in Houston rose 2.26% to $304,126 — up from $297,397 in 2014. Median home prices jumped 3.68% year-over-year to $197,000, according to data obtained from Houston’s MLS.
FEBRUARY 2016: AT A GLANCE
Single-family home sales rose 2.2 percent compared to last February, marking the first increase since September 2015.
Total dollar volume increased 1.2 percent to $1.4 billion.
- At 260,872, the single-family home average price reached its highest level ever for a February.