Houston housing ready for another record year

​​​HOUSTON – Home sales are 4.6 percent ahead of 2017’s record volume as of November, according to the Houston Association of Realtors (HAR). 

Last month, 6,159 single-family homes were sold in the area, down 2 percent from last year. However, the market remains on track for another record year. 

The average sales price for a single-family home was $295,084, up 4.3 percent from November 2017. During that period, the median sales price grew 4.4 percent to $235,000. Both prices are the highest on record for November​.

Inventory grew by 0.3 months to 3.9 months. The Real Estate Center considers a balanced market to have between a six- and 6.5-month supply. Last month, 6,052 single-family home sales were pending. 

The best-performing single-family home segment was the luxury market (homes priced at $750,000 and above), which grew 12.3 percent. The only segment to see a decline was for homes priced at $150,000 and under.​

Last month, there were 7,400 total sales, down 0.3 percent. The total dollar volume grew 3.9 percent over the year to over $2.1 billion. There were 40,530 active listings.