HOUSTON – (Realty News Report) — Houston area home sales rose by double-digits in June as a surge in sales at the upper-end of the market pushed prices to a record high.
Single-family home sales totaled 8,588 in June, a 12.5% increase over the 7,637 homes sold in June 2024, according to a monthly report by the Houston Association of Realtors.
Homes sold for an average of $450,235 in June, a 4.4% increase over the year. The median price, representing the midpoint of sales during the month, was little changed at $346,651.
Sales activity increased across all price segments with luxury homes – those selling for $1 million or more – rising most at 40.6%. Sales volumes for homes from $500,000 to $999,999 rose by 14.2%, while homes from $250,000 to $499,999 went up by 10.6%.
“Although the average home price hit a record high in June, it’s important to remember that the median price is a more reliable gauge of market conditions,” HAR Chair Shae Cottar with LPT Realty said in the report. “The fact that the median price was virtually unchanged indicates that prices are holding steady overall. With inventory at record levels and buyer demand on the rise, Houston’s housing market is showing healthy signs of balance.”
Buyers found more options as the number of active listings also reached a new peak of 38,713 homes available for sale in June, a 32% increase over the previous year, according to HAR. By comparison, active listings totaled just over 10,400 at the local market’s tightest point in March 2022.
Signaling the continued shift to a more balanced market, supply rose to 5.4 months of inventory for single-family homes, up from 4.2 months in June 2024 and the highest in 13 years. Five to six months of inventory – representing how long it would take to sell the current listings at the current sales place — is considered balanced.
“While the U.S. housing market has struggled to return to pre-pandemic levels, Houston’s housing sales have trended normal for the past two years, driven by a strong local economy,” said HAR Chief Economist Dr. Ted C. Jones. “Home prices, however, are softening slightly due to the lowest affordability in 40 years and an inventory trending towards the favor of buyers.”
Houston has remained a job generator, although the pace has slowed recently. The region added 29,600 jobs over the year in May, a 0.9% increase, according to the Bureau of Labor Statistics. That was down from an annual growth rate of 1.8% in May 2024 and 4.4% in May 2023.
July 9, 2025 Realty News Report Copyright 2025
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File: Houston Home Sales Heat Up in June