- Better Homes and Gardens Gary Greene Real Estate broke down housing conditions in Houston neighborhoods, including sales volume, median and average price, days on market and inventory.
- Waller County saw the biggest annual home sales jump, at 52.34 percent, while its average home price increased 38.01 percent.
- Home sales fell 15.63 percent year-over-year in Liberty County as of June 2016, while inventory fell 20.88 percent.
Houston’s real estate market is seeing an uptick in home sales this June, according to a new data set released by Better Homes and Gardens Gary Greene Real Estate. The local brokerage dissected home sales, prices, days on market, inventory and more throughout the entire Houston area using data from the Real Estate Center at Texas A&M University and the Houston Association of Realtors.
Houston’s largest home sales gains
Of the most extreme increases in home sales, the report says Waller County saw the biggest annual jump of 52.34 percent in June.
The average price of a home here increased 38.01 percent year-over-year and days on market fell by 2.9 percent, showing that the housing market is growing strong in Waller County. Inventory also climbed high on a yearly basis, by 59.09 percent.
Angelina County also saw a big increase in inventory, at 35 percent, as well as a 13.79 percent increase in home sales. This area did, however, see an increase in days on market of 11.59 percent.
The biggest jump in days on market was in Montgomery County Northwest, where homes were listed for 63.81 percent longer this year than they were last year. Sales still increased by 17.65 percent, but inventory was 39.22 percent lower. Fewer new listings were coming to the table in Montgomery County Northwest in June, according to the report.
Houston’s biggest home sales dips
Some parts of Houston didn’t far as well.
Liberty County had the biggest dip in home sales of 15.63 percent year-over-year, and inventory fell 20.88 percent during the same time period. But it doesn’t necessarily mean that the market is weak: Days on market was 28.77 percent lower than June of last year. Still, Liberty County’s average price was lower than June 2015 by 5.07 percent.
In Central West, home sales fell 7.83 percent, but the average price increased 27.25 percent. Inventory here bumped up a whopping 70.59 percent annually, and days on market increased by 41.67 percent. The median price increased here as well, by 15.33 percent.
Inventory increased significantly in the Southwest Inner Loop by 64.86 percent from June 2015 to June 2016, but days on market here increased 19.57 percent, and average price dipped 7.77 percent.