HAR: home sales, reach new record in 2017

​​​HOUSTON – By the end of December 2017, a record 79,117 single-family homes had been sold in 2017, according to HAR’s December and Full-Year 2017 report.

That represents an increase of 3.5 percent from the previous record of 76,450 in 2016.

On a year-to-date basis, the average price rose 2.9 percent to $291,340 while the median price increased 3.8 percent to $229,900.

The strongest one-month sales volume of 2017 was recorded in June with 8,362 single-family homes sold.

Months of inventory began the year at a 3.3-months supply, and while it grew to a 4.3-months supply just before Harvey struck the region, it ended 2017 at a 3.2-months supply.​