HOUSTON – Last year was a record-setting year for home sales in Houston, according to the latest annual report by the Houston Association of Realtors.
One area that saw the most growth in sales was single-family homes, which saw a nearly 5% hike compared to 2018.
“During the latter half of 2019, we had a sense that we were headed toward a record year for Houston real estate, but no one expected it to be this strong a finish,” said John Nugent, HAR’s chairman.
The Houston real estate market entered 2019 with a constrained inventory, according to HAR. However, the housing supply grew almost immediately, rising from a 3.6-months supply in January to a peak of 4.3 months in June and July.
Below we break down each record that was set last year:
A record-high 86,205 single-family homes were sold across greater Houston, rising 4.8% from the previous year.
|Single-family home sales||82,229||86,205||4.8%|
|Single-family average sales price||$298,982||$305,959||2.3%|
|Single-family median sales price||$237,500||$245,000||3.2%|