Riding the success of growth through the first quarter of 2016, the Houston real estate market has continued to thrive thanks to a steady increase in available homes. According to a Houston Association of Realtors report, a total of 7,343 single-family homes sold in the month of May, an increase of about 10 percent year-over-year.
- Total property sales in Houston reached 8,703 in May.
- Median and average home price changed little year-over-year.
- Inventory of single-family homes and condos grew to 3.6 months and 3.4 months supply, respectively.