Houston home sales hot in June Houston home sales hot in June https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3622015-07-16T14:34:00Z2015-07-16T05:45:00Z

HOUSTON - Houston realtors set a record in June, selling 9,480 single-family homes, townhomes, condos, duplexes, county homes, high-rise units and lots, according to the Houston Association of Realtors (HAR).

The second best month on record was June 2006, when local relators sold 9,287 units. Over the past 12 months, local relators recorded 90,814 closings. The 12-month pace has held above 90,000 units since October 2014.

“I think it speaks very well for the health of our real estate market when you have a month in which sales are up, rentals are up, inventory is growing, and you’re comparing it all to the record year of 2014,” said HAR Chair Nancy Furst with Berkshire Hathaway HomeServices Anderson Properties.

“We still expect normalization in the marketplace later this year, and that may well mean these alternating up and down sales months, but the bottom line appears to be that there is no lack of interest in housing in Houston, Texas.”

Housing Market Summary: June 2015 vs. June 2014
  June 2015 June 2014 Chg.
Total sales 9,480 9,177 3.3%
Total dollar volume $2,712,021,860 $2,477,752,487 9.5%
Total active listings 31,963 29,513 8.3%
Single-family sales 7,935 7,621 4.1%
Single-family home
avg. price
$302,942 $284,289 6.6%
Single-family home
median price
$225,000 $214,500 4.9%
Single-family inventory* 3.2 2.9 -

*The number of months it will take to deplete current active inventory based on the prior 12 months of sales activity. The market is considered evenly balanced between supply and demand when it has a six-month inventory.

Read more at the Great Houston Partnership.

Also, check out housing at Houston NewsTalk and Houston Market Research.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land
http://www.houston.org/pdf/research/narratives/Multiple_Listing_Service/Multiple_Listing_Service_Activity.pdfRead more at {Source}

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