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Houston Luxury Real Estate Articles and insights to the Houston area luxury home real estate market as observed by local luxury home expert Mark A. Fuller.

Real Estate Trends

Houston Real Estate Milestones in July

1. At $163,000, the median price of a single-family home was the second highest of all time;

2. Sales of single-family homes priced between $150,000 and $250,000—the second busiest segment of the housing market—rose     1.2 percent;

3. Volume of single-family home sales reached the highest level since July 2008;

4. Volume of single-family home sales reached the highest level since August 2008;

5. Month’s inventory of single-family homes dipped from 6.7 to 6.5 months compared to the national average of 9.4 months;

6. Active listings fell 13.4 percent, representing a generally balanced supply of housing inventory.