Single-Family Homes Update(HAR report)
August was another strong month for single-family home sales, which rose 3.9 percent with 8,679 units sold across greater Houston compared to 8,355 a year earlier. That represents the second largest one-month sales volume of all time. On a year-to-date basis, sales are running 3.1 percent ahead of 2018’s record pace.
Home prices climbed to the highest levels ever for an August. The median price was $249,000, up 4.5 percent from August 2018. The average price rose 3.4 percent to $310,409.