Home sales slowdown? NOT SO FAST HOUSTON

Lydia Davies September 19, 2018

The national real estate market is going through a little bit of a slow down, but that doesn’t seem to be the case in Houston.  At least not for the month of August.

According to the latest monthly report prepared by the Houston Association of REALTORS® (HAR), home sales climbed 16.2 percent year-over-year, with contracts closing on 7,504 single-family homes. Monthly home sales volume has topped the 7,000 mark for four straight months, matching levels last seen in the spring of 2007.

The median price of a single-family home—the figure at which half the homes sold for more and half for less—rose 12.8 percent to $186,200. The average price increased 16.4 percent year-over-year to $260,607. Both figures represent the highest prices ever seen in an August in Houston.

Check out the rest of the report via the video below or the full text at the Houston Association of Realtors website.

If you are considering selling your home and would like find out how much your house is worth, click here to order a complete home valuation from Norhill Realty or email us at [email protected].