HAR: Houston home sales heat up in MayHAR: Houston home sales heat up in Mayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=168872017-06-16T05:00:00Z2017-06-16T16:00:00Z

​​​​HOUSTON – Area single-family home sales continued to outpace 2016’s record performance last month, reports the Houston Association of Realtors.

The greatest sales gains​ were among homes priced at $750,000 and above (luxury segment), followed by homes in the $150,000 to $249,999 range. May marked the seventh consecutive month of rising sales in the luxury segment.

A total of 8,156 single-family homes sold in May versus 7,315 a year earlier, representing an 11.5 percent increase. Year-to-date, sales are 7.4 percent ahead of 2016’s volume. New listings elevated inventory levels from a 3.6-months supply to 4.1 months, the highest in nearly five years.

The single-family home median price climbed 4.4 percent to $235,000, the area's highest median price of all time. The average price rose 4.3 percent to $302,362, the second highest average ever.

Houston Association of Realtors
Houston-The Woodlands-Sugar Land
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