The Houston Real Estate Market Remains Hot In July

19 Aug
The Houston Real Estate Market Remains Hot In July

The Houston housing market eked out another month of positive sales in July with prices up and the supply of homes continuing to grow, albeit slightly. Sales volume reached the highest monthly total ever recorded.

Housing inventory, which fell to 40-year lows earlier this year, has edged up each of the last three months, reaching a 3.0-months supply in July. Prices climbed to the highest levels for a July, but were lower than June’s all-time record highs. Sales among homes priced between $250,000 and the millions showed the greatest strength, while Days on Market, or the number of days a home takes to sell, fell to a record low of 45.

12 Aug
It Is Official – Houston July Single Family Home Sales Set Records, Both Dollar Volume and Number of Sales

As you read here earlier, the number of Houston single family (SF) homes sold in July 2014 increased compared to July 2013. The Houston Association of REALTORS® (HAR) released statistics indicating 7,769 SF homes were sold in July, 1.0% more than July 2013 and 1.0% more than June 2014. The number of SF sales in July set an all time record.

09 Jul
It Is Official – Houston June Single Family Home Sales Higher Than 2013 – Prices Reach Record Highs – Sales Exceed $2.0 Billion

As you read here last week, the number of Houston single family (SF) homes sold in June 2014 increased compared to June 2013. The Houston Association of REALTORS® (HAR) released statistics indicating 7,553 SF homes were sold in June, 4.5% more than June 2013. As I advised last month, I did not expect a steady decline in the number of SF homes sold. The picture above graphically shows the June results.