Houston real estate market improves in August, HAR reports

 Houston real estate market improves in August, HAR reports

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…

Read full article…houstonagentmagazine.com