July 13, 2017 Comments Off on Home Prices and Sales Reach New Heights in Houston Views: 750 Texas News, Top Texas Stories

Home Prices and Sales Reach New Heights in Houston

Home prices and sales volume in Houston hit records in June 2017, according to data released by the Houston Association of Realtors (HAR). A total of 8,414 single-family houses sold, compared to 7,771 in June 2016, representing an 8.3% increase, and marking the largest one-month sales volume in history. Meanwhile, the single-family home median price was $239,023, a 2.6% increase, reaching another all-time high.

June sales of all property types in Houston totaled 9,993, up 8.3% from the same month the year before. Total dollar volume for properties sold in June rose 10.4% to $2.9 billion.

“June proved to be another phenomenal month for the Houston real estate market, with buyers and renters sending volume and pricing into record territory,” said HAR Chair Cindy Hamann. “Between continued strong employment numbers and healthy housing inventory levels, we expect the market to remain vibrant.”

Read More at Houston Association of Realtors

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