Houston real estate market improves in August, HAR reports

0
10

The month of August brought an increase in sales volumes throughout the metro area, according to new data from the Houston Association of Realtors.

Over the past year, Houston enjoyed a 13-month long run of improved sales which ended, suddenly, in July 2021 coming off the record-highs of June. But now, the July slump appears to have been an anomaly. August saw growth in not only sales but available inventory, which had been rocked by supply-chain issues stemming from ongoing pandemic.

To compare the details of single-family home sales in August 2021 with August 2020, check out the chart below.

via HAR

On average, single-family home prices climbed 14%, to $380,233, while the median price rose to $310,000: a 15.2% increase. Broken down into segments by price, homes that were $500,000 to $750,000 made up the bulk of Houston sales volume with a whopping 48.5% increase year –over year. That second-highest increase in the $250,000 to…

Read more…