HOUSTON — (August 14, 2019 HAR report) — Consumers kept Realtors across greater Houston busy in July, accounting for the greatest one-month volume of single-family home sales of all time. According to the latest monthly report from the Houston Association of Realtors® (HAR), July single-family home sales totaled 8,953. That is up 11.6 percent year-over-year and exceeds the last one-month sales volume record set in June 2018 (8,385). On a year-to-date basis, sales are 3.0 percent ahead of 2018’s record volume. Realtors point to low mortgage interest rates and the steady growth in inventory for the solid monthly performance.
Homes in the $500,000 to $750,000 range staged the biggest sales gains, up 22.0 percent versus July 2018. Next were homes in the $250,000 to $500,000 range, which rose 16.9 percent. The luxury segment, which consists of homes priced at $750,000 and above, increased 5.3 percent.