The Houston area real estate market posted another record month in July 2018, with 8,108 single-family homes sold. This represents an increase of 3.4% over July 2017.
The average sold home price increased by 2.4% over 2017, to $306,000. The median home price was up 6% to $243,500.
If you are selling your Houston home, this is good news. The market is responding to continued job growth and new residents that are moving to Harris County and the surrounding areas. Inventory of single-family homes has also been a factor, with a slight decrease over 2017 at a 4.2 month supply.
The summer months are coming to a close, but it’s not too late to sell in 2018. Buyers are looking for homes every month of the year, and the end of the busy summer season could mean less market competition.
Contact us to learn more about our listing services and how we can help you sell your Houston home at the best possible price.