HOUSTON(HAR report) — (December 11, 2019) — November marked the fifth consecutive positive month of home sales with continued low mortgage interest rates helping to keep the Houston real estate market on track for a record 2019. Single-family home sales across greater Houston totaled 6,395 in November, according to the latest monthly report from the Houston Association of REALTORS® (HAR). That is up 3.6 percent from one year earlier. On a year-to-date basis, home sales are running 4.1 percent ahead of 2018’s record volume.
The strongest sales activity took place among homes priced between $250,000 and $500,000, which rose 12.5 percent. Homes in the $500,000 to $750,000 range ranked second place, climbing 5.2 percent. The luxury segment, made up of homes priced from $750,000 and above, fell 9.1 percent.