Tag Archives: Houston Homes Market

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.

17 Jun
Houston Home Sales Decline For The First Time In Three Years

Houston’s persistent lack of housing inventory resulted in the market’s first home sales decline in three years in May. Thirty-four consecutive months of positive sales ended in April with flat year-over-year sales, but last month, sales volume fell for the first time since May 2011. However, sales activity for homes over $500,000 outpaced last May and coupled with low inventory levels, drove the average sales price to a new record high.