Where — and for how much — Houston-area homes sell the fastest: HAR Index from May 2017

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West University/Southside 

Average sales price (June 2015-May 2016): $1,273,525

Average sales price (June 2016-May 2017): $1,316,946

Percent change: 3.4

West University/Southside 

Average sales price (June 2015-May 2016): $1,273,525

Average sales price (June 2016-May 2017): $1,316,946

Percent change: 3.4

Photo: Houston Association Of Realtors

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West University/Southside 

No. of transactions (June 2015-May 2016): 248 

No. of transactions (June 2016-May 2017): 313 

Percent change: 26.2

West University/Southside 

No. of transactions (June 2015-May 2016): 248 

No. of transactions (June 2016-May 2017): 313 

Percent change: 26.2

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Pearland

Average sales price (June 2015-May 2016): $261,241

Average sales price (June 2016-May 2017): $272,035

Percent change: 4.1

Pearland

Average sales price (June 2015-May 2016): $261,241

Average sales price (June 2016-May 2017): $272,035

Percent change: 4.1

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PearlandNo. of transactions (June 2015-May 2016): 2339

No. of transactions (June 2016-May 2017): 2398

Percent change: 2.5

Pearland
No. of transactions (June 2015-May 2016): 2339

No. of transactions (June 2016-May 2017): 2398

Percent change: 2.5

Photo: Houston Association Of Realtors

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Spring Branch

Average sales price (June 2015-May 2016): $374,259

Average sales price (June 2016-May 2017): $383,678

Percent change: 2.5

Spring Branch

Average sales price (June 2015-May 2016): $374,259

Average sales price (June 2016-May 2017): $383,678

Percent change: 2.5

Photo: Houston Association Of Realtors

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Spring Branch

No. of transactions(June 2015-May 2016): 943
No. of transactions (June 2016-May 2017): 1077
Percent change: 14.2

Spring Branch

No. of transactions (June 2015-May 2016): 943
No. of transactions (June 2016-May 2017): 1077
Percent change: 14.2

Photo: Houston Association Of Realtors

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The Woodlands

Average sales price (June 2015-May 2016): $491,902

Average sales price (June 2016-May 2017): $441,782

Percent change: -10.2

The Woodlands

Average sales price (June 2015-May 2016): $491,902

Average sales price (June 2016-May 2017): $441,782

Percent change: -10.2

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The Woodlands

No. of transactions (June 2015-May 2016): 1954
No. of transactions (June 2016-May 2017): 1980
Percent change: 1.3

The Woodlands

No. of transactions (June 2015-May 2016): 1954
No. of transactions (June 2016-May 2017): 1980
Percent change: 1.3

Photo: Houston Association Of Realtors

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Montrose

Average sales price (June 2015-May 2016): $667,496

Average sales price (June 2016-May 2017): $673,902

Percent change: 1

Montrose

Average sales price (June 2015-May 2016): $667,496

Average sales price (June 2016-May 2017): $673,902

Percent change: 1

Photo: Houston Association Of Realtors

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Montrose

No. of transactions (June 2015-May 2016): 197
No. of transactions (June 2016-May 2017): 210
Percent change: 6.6

Montrose

No. of transactions (June 2015-May 2016): 197
No. of transactions (June 2016-May 2017): 210
Percent change: 6.6

Photo: Houston Association Of Realtors

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Crystal Beach

Average sales price (June 2015-May 2016): $281,184

Average sales price (June 2016-May 2017): $282,488

Percent change: 0.5

Crystal Beach

Average sales price (June 2015-May 2016): $281,184

Average sales price (June 2016-May 2017): $282,488

Percent change: 0.5

Photo: Houston Association Of Realtors

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Crystal Beach

No. of transactions (June 2015-May 2016): 74
No. of transactions (June 2016-May 2017): 116
Percent change: 56.8

Crystal Beach

No. of transactions (June 2015-May 2016): 74
No. of transactions (June 2016-May 2017): 116
Percent change: 56.8

Photo: Houston Association Of Realtors

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East End Revitalized

Average sales price (June 2015-May 2016): $242,131

Average sales price (June 2016-May 2017): $250,361

Percent change: 3.4

East End Revitalized

Average sales price (June 2015-May 2016): $242,131

Average sales price (June 2016-May 2017): $250,361

Percent change: 3.4

Photo: Houston Association Of Realtors

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East End RevitalizedNo. of transactions (June 2015-May 2016): 268

No. of transactions (June 2016-May 2017): 328
Percent change: 22.4

East End Revitalized
No. of transactions (June 2015-May 2016): 268

No. of transactions (June 2016-May 2017): 328
Percent change: 22.4

Photo: Houston Association Of Realtors

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Galleria

Average sales price (June 2015-May 2016): $792,777

Average sales price (June 2016-May 2017): $781,131

Percent change: -1.5

Galleria

Average sales price (June 2015-May 2016): $792,777

Average sales price (June 2016-May 2017): $781,131

Percent change: -1.5

Photo: Houston Association Of Realtors

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GalleriaNo. of transactions (June 2015-May 2016): 93

No. of transactions (June 2016-May 2017): 115
Percent change: 23.7

Galleria
No. of transactions (June 2015-May 2016): 93

No. of transactions (June 2016-May 2017): 115
Percent change: 23.7

Photo: Houston Association Of Realtors

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Sugar Land South

Average sales price (June 2015-May 2016): $496,920

Average sales price (June 2016-May 2017): $490,891

Percent change: -1.2

Sugar Land South

Average sales price (June 2015-May 2016): $496,920

Average sales price (June 2016-May 2017): $490,891

Percent change: -1.2

Photo: Houston Association Of Realtors

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Sugar Land SouthNo. of transactions (June 2015-May 2016): 628

No. of transactions (June 2016-May 2017): 630
Percent change: 0.3

Sugar Land South
No. of transactions (June 2015-May 2016): 628

No. of transactions (June 2016-May 2017): 630
Percent change: 0.3

Photo: Houston Association Of Realtors

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River Oaks

Average sales price (June 2015-May 2016): $2,534,505

Average sales price (June 2016-May 2017): $2,303,291

Percent change: -9.1

River Oaks

Average sales price (June 2015-May 2016): $2,534,505

Average sales price (June 2016-May 2017): $2,303,291

Percent change: -9.1

Photo: Houston Association Of Realtors

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River OaksNo. of transactions (June 2015-May 2016): 74

No. of transactions (June 2016-May 2017): 97
Percent change: 31.1

River Oaks
No. of transactions (June 2015-May 2016): 74

No. of transactions (June 2016-May 2017): 97
Percent change: 31.1

Photo: Houston Association Of Realtors

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Garden Oaks

Average sales price (June 2015-May 2016): $539,043

Average sales price (June 2016-May 2017): $485,542

Percent change: -9.9

Garden Oaks

Average sales price (June 2015-May 2016): $539,043

Average sales price (June 2016-May 2017): $485,542

Percent change: -9.9

Photo: Houston Association Of Realtors

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Garden OaksNo. of transactions (June 2015-May 2016): 96 

No. of transactions (June 2016-May 2017): 84
Percent change: -12.5

Garden Oaks
No. of transactions (June 2015-May 2016): 96 

No. of transactions (June 2016-May 2017): 84
Percent change: -12.5

Photo: Houston Association Of Realtors

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Heights/Greater Heights

Average sales price (June 2015-May 2016): $529,298

Average sales price (June 2016-May 2017): $531,854

Percent change: 0.5

Heights/Greater Heights

Average sales price (June 2015-May 2016): $529,298

Average sales price (June 2016-May 2017): $531,854

Percent change: 0.5

Photo: Houston Association Of Realtors

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Heights/Greater HeightsNo. of transactions (June 2015-May 2016): 1200

No. of transactions (June 2016-May 2017): 1274
Percent change: 6.2

Heights/Greater Heights
No. of transactions (June 2015-May 2016): 1200

No. of transactions (June 2016-May 2017): 1274
Percent change: 6.2

Photo: Houston Association Of Realtors

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Katy Southwest

Average sales price (June 2015-May 2016): $375,334

Average sales price (June 2016-May 2017): $364,554

Percent change: -2.9

Katy Southwest

Average sales price (June 2015-May 2016): $375,334

Average sales price (June 2016-May 2017): $364,554

Percent change: -2.9

Photo: Houston Association Of Realtors

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Katy SouthwestNo. of transactions (June 2015-May 2016): 2427

No. of transactions (June 2016-May 2017): 2550
Percent change: 5.1

Katy Southwest
No. of transactions (June 2015-May 2016): 2427

No. of transactions (June 2016-May 2017): 2550
Percent change: 5.1

Photo: Houston Association Of Realtors

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Lake Conroe

Average sales price (June 2015-May 2016): $284,872

Average sales price (June 2016-May 2017): $284,718

Percent change: -0.1

Lake Conroe

Average sales price (June 2015-May 2016): $284,872

Average sales price (June 2016-May 2017): $284,718

Percent change: -0.1

Photo: Houston Association Of Realtors

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Lake ConroeNo. of transactions (June 2015-May 2016): 1536

No. of transactions (June 2016-May 2017): 1627
Percent change: 5.9

Lake Conroe
No. of transactions (June 2015-May 2016): 1536

No. of transactions (June 2016-May 2017): 1627
Percent change: 5.9

Photo: Houston Association Of Realtors

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Memorial Villages

Average sales price (June 2015-May 2016): $1,784,589

Average sales price (June 2016-May 2017): $1,650,300

Percent change: -7.5

Memorial Villages

Average sales price (June 2015-May 2016): $1,784,589

Average sales price (June 2016-May 2017): $1,650,300

Percent change: -7.5

Photo: Houston Association Of Realtors

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Memorial VillagesNo. of transactions (June 2015-May 2016): 214

No. of transactions (June 2016-May 2017): 258
Percent change: 20.6

Memorial Villages
No. of transactions (June 2015-May 2016): 214

No. of transactions (June 2016-May 2017): 258
Percent change: 20.6

Photo: Houston Association Of Realtors

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Click to see a year-over-year neighborhood look at where Houston home prices increased, decreased. >>>>

Click to see a year-over-year neighborhood look at where Houston home prices increased, decreased. >>>>

Photo: Houston Association Of Realtors

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Houston Association of Realtors' Multiple Listing Service's "Hotness Index," otherwise known as their Rolling Average Report, shows which markets have seen the biggest changes — for better or worse. It's a glimpse at how many homes have sold by MLS market area, and how the Average sales price has changed from year to year. This is our running feature with all the latest data:

Houston's 2017 homes sales are outpacing last year's records, with May showing continued growth, according to the Houston Association of Realtors' latest market report. Among the highest performing sectors is the luxury market, which HAR defines as homes priced at $750,000 and above. 

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Home sales across all price ranges are up by 7.4 percent on a year-over-year basis, based on May 2017's records. The single-family home median price, which increased by more than 4 percent, hit a record $235,000. While the average is also up more than 4 percent, to $302,362, "the second-highest average ever." (Story continues below.)

"The Houston housing market had another strong showing in May with sales and rental properties alike, and inventory continues to accommodate the growing demand," HAR Chair Cindy Hamann with Heritage Texas Properties said in a prepared statement. "If we can maintain this pace, there's no doubt that 2017 will be a record year for Houston real estate."

The data shown in the gallery above compares the market areas by Average sales price and number of transactions (homes sold) in the period of June 2015 through May 2016 compared to June 2016 through May 2017.

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The area that showed the greatest percentage change in terms of Average sales price in May 2017 is Chambers County East. In the period of June 2015 through May 2016, the average was $114,245. In June 2016 through May 2017, that changed to $175,656, an increase of nearly 54 percent. This market area also showed a 4 percent increase in the number of transactions, 50 homes sold in the first period and 52 sold in the more recent period.

At the other end is the Tomball Southwest area, which saw a nearly 21 percent percent drop in Average sales price. In the period of June 2015 through May 2016, the community had an average home sales price of $505,494. That fell to $400,198 in June 2016 through May 2017. 

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The Woodlands also took an Average sales price drop. In the first period it had and average price of $491,902, which fell more than 10 percent to $441,782 in the June 2016 through May 2017 period. This market showed a modest gain in number of homes sold, from 27 to 31 in respective time ranges, a 1.3 percent increase.

Other MLS areas closer to Houston, including Montrose, Spring Branch and West University and the Bellaire area showed positive growth.

Source : http://www.chron.com/neighborhood/homes/article/Houston-homes-selling-fastest-average-sales-price-11263481.php

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