Demand for single-family home rentals rose 3.1 percent in December compared to a year earlier. Year-over-year townhouse/condominium rentals climbed 4.7 percent.
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See below for the milestones reached in December:
The median price of a single-family home rose for the eighth consecutive month, by 5.2 percent, to $152,550;
The average price of a single-family home appreciated for a third straight month, by 15.1 percent, to $219,214, the second highest level of 2009 and the highest for a December in Houston;
5.8 months inventory of single-family homes compares favorably to the national average of 6.5 months;
Townhouse/condominium sales rose 11.7 percent;
Total dollar volume grew 12.9 percent, reaching $1.1 billion.
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