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AVERAGE SALES PRICE
HOUSTON AREA MARKET UPDATE
A MONTHLY SNAPSHOT OF HOUSTON’S REAL ESTATE MARKET FOR JUNE 2021
We have moved out of comparing year-over-year data with months that had a strong quarantine factor impacting the data. Houston is still low on inventory, at 1.5 months, compared to 3.0 months in June 2020 and the national average of a 2.5 months’ supply. The strong activity in the upper price ranges continues to push up our single-family average sales price to a new record of $395,316. Our median sales price for single-family homes is also at a record high of $314,000.