Houston Sets Sales Record

[Jim Cummings]

Houston housing sales break records

HOUSTON (Houston Association of Realtors) – In June, the metro saw the greatest one-month sales volume of all time, reports the Houston Association of Realtors (HAR). Area agents sold 8,518 single-family homes last month compared to the last record high of 8,367 in June 2017. That's a 1.8 percent increase. Single-family median home prices also hit a record high, climbing 2.6 percent over the year to $245,000. The average price was $316,463, up 4.3 percent and breaking another record. Here are other stats from HAR's report: In June 2018, there were 40,198 active listings in the area, down 3.9 percent over the year. Total dollar volume traded was over $3 billion, up 6.6 percent. The metro had 4.1 months of single-family inventory. The Real Estate Center considers a six- to 6.5-month supply a balanced market. Pending sales climbed 10.2 percent to 8,396 last month.