According to the report, 8,588 homes were sold compared to 7,637 homes sold last year in June.
What we know
Strong buyer demand met a record level of available homes, according to the report. Active listings were up 31.8% over last year with 38,713 available single-family homes, which is the highest level ever recorded by HAR.
The median home price was unchanged at $346,651. The average home price increased 4.4% to a record $450,235, which, according to the report, was largely driven by strong demand in high-end home sales.
When it comes to the housing segments, according to the report, home sales for houses priced between:
- $1-$99,999 increased 24.0%
- $100,000-$149,999 increased 0.6%
- $150,000-$249,999 increased 3.4%
- $250,000-$499,999 increased 10.6%
- $500,000-$999,999 increased 14.2%
- $1 million and above increased 40.6%
"While the U.S. housing market has struggled to return to pre-pandemic levels, Houston’s housing sales have trended normal for the past two years, driven by a strong local economy," HAR Chief Economist Ted Jones said. "Home prices, however, are softening slightly due to the lowest affordability in 40 years and an inventory trending towards the favor of buyers."
