Temperatures weren't the only thing sizzling in June. Consumers snapped up homes at the greatest volume in nearly five years, pushing average and median prices to record highs with increased volume in purchases of higher-end properties.
According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), single-family home sales rose 14.4 percent compared to June 2011. This makes June the 13th consecutive month of positive sales. The month also saw local housing inventory hold to its lowest level in more than five years.
Read more...Houston Home Sales and Pricing Reach New Heights in June via Houston Association of Realtors