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The June Housing Market Update from the Houston Association of Realtors reports a rise in home sales and pending activity with steady overall pricing.
By the numbers: The number of single-family homes sold increased by 3.5%, with 8,820 homes sold in June compared to last June with 8,525 sold. The average home price rose 1.2% to $455,159, while the median home price slightly decreased by just 0.3%.
Total property sales across the Houston area rose by 2.6% with 10,181 properties sold, and the number of active property listings increased 2.2%, equaling 59,970.
Also of note: The luxury market remained strong with home sales over the price of $1 million rising 17.1% year over year.
However, the townhome and condominium market showed a 9.3% fall year over year with 439 in June compared to 484 last June, data shows.
In their own words: HAR Chair Theresa Hill said the Greater Houston area is seeing a “little more breathing room” on both sides of the transaction.
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