HOUSTON (Houston Chronicle) – Home sales and prices are hot in Houston.
Single-family home sales were up 14.4 percent here in June — the highest in nearly five years, according to the Houston Association of Realtors (HAR). Demand for homes pushed median prices to record highs.
An HAR report released today shows June marked the 13th straight month of positive sales. Houston’s housing inventory continued at its lowest level in more than five years.
The single-family home average price rose 4.6 percent from last year to $236,656, the highest ever recorded in the Bayou City.