International Homebuying Activity Adds Nearly $8 Billion to Texas EconomyTexas ranked third in the nation for homes sold to international buyers from April 2018 to March 2019, according to the
HOUSTON HOME SALES SIZZLE IN AUGUST
Electric bills hit all time highs in August but so did home sales. August sales of single-family homes throughout greater Houston totaled 8,679. That is up 3.9 percent year-over-year and marks the second largest one-month sales volume of all time; the record of 8,930 was set just last month. On a year-to-date basis, home sales are running 3.1 percent ahead of 201’s record volume.
Homes in the $250,000 to $500,000 range scored the greatest sales gains, up 14.7 percent compared to August 2018. Next were homes in the $500,000 to $750,000 range, which rose 7.0 percent. The luxury segment, which encompasses homes priced from $750,000 and up, fell 3.0 percent.
The median price of a single-family home (the figure at which half of the homes sold for more and half sold for less) reached the highest level ever for an August, climbing 4.5 percent to $249,000. The average price also achieved an August record, rising 3.4 percent to $310,409.
Housing inventory still remains ahead of 2018 levels. It reached a 4.2-months supply in August compared to 4.0 months a year earlier.
Home prices climbed to the highest levels ever for an August. The median price was $249,000, up 4.5 percent from August 2018. The average price rose 3.4 percent to $310,409.
source: Houston Association of Realtors
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