Home sales, prices remain hot in July

Tuesday, August 18, 2015

HOUSTON -- The mercury wasn't the only thing on the rise in Houston in July.

For a second straight month, home sales and prices surpassed last year's record-breaking pace, while housing inventory levels showed further improvement. Homes priced below $150,000 experienced a sales decline, while those above $500,000 showed particularly strong sales volume.

July single-family home sales totaled 8,147 units - the highest one-month volume ever - compared to 7,637 a year earlier, according to the latest monthly report prepared by the Houston Association of Realtors. The time it took to sell the average home matched last year's 45 days.

Read more from the Potpourri, a Houston Community Newspaper partner