Houston June home prices, sales set records

​​​HOUSTON – Local single-family home prices and sales reached new heights last month, and the Houston Association of Realtors said 2017 is on track to be a record year for the housing market.

The greatest sales gains took place among homes priced at $750,000 and higher (luxury market), followed by homes in the $150,000 to $249,999 range. June was the eighth straight month that the luxury segment had rising sales.

A total of 8,414 single-family home​s sold in June compared with 7,771 a year earlier. That represents an 8.3 percent increase and marks the largest one-month sales volume in history. Year-to-date, home sales remain ahead of 2016’s volume by 7.4 percent. New listings pushed inventory levels from a 3.9-months supply to 4.4 months, the highest in almost five years.

The median price climbed 2.6 percent to $239,023. The average price edged up 1.5 percent to $304,155. Both figures are all-time highs.

Month-end pending sales totaled 8,363, up 18.9 percent from last year. Total active listings jumped 16.4 percent to 43,326.