Current market conditions are healthy, but storm’s effects distort traditional measurements. HOUSTON — (September 12, 2018) — Thousands of people are still haunted by Hurricane Harvey’s devastating effects as they continue to rebuild their homes and lives. Even now, the storm is affecting the way housing numbers compare August 2018 to
Midway through summer, home sales continue to outpace 2017’s record volume Houston home sales showed no let-up in July, but the pace was not enough to rival the record-setting volume and pricing set in June. Inventory remained constrained at a 4.2-months supply, and the lease market saw waning consumer interest.
Sales volume and pricing reach new highs Neither scorching temperatures nor vacation plans could stop homebuyers from pushing the Houston real estate market into record territory in June, as they generated the greatest one-month sales volume of all time and sent average and median prices to new highs. Single-family home
Prices edge upward even as the supply of homes improves The greater Houston real estate market remained in positive territory in May with a one percent rise in home sales and new record highs for both average and median prices. However, consumers showed waning interest in renting single-family homes and
Home sales and rentals rebound and prices reach record highs After a sluggish March, the Houston real estate market rebounded in April with a nearly seven percent jump in home sales and the highest average and median prices of all time. Consumers also kept the lease market humming with gains