Houston’s housing market broke sales, dollar volume records again in 2018

Houston’s housing market saw another record-breaking year in a row in 2018 in terms of both sales and total dollar volume, the Houston Association of Realtors reported Jan. 9. Single-family home sales totaled 82,177 in 2018, up 3.8 percent from the previous record set in 2017, and sales of all property types hit 98,323, a 3.7 percent increase from 2017’s record volume, per HAR’s press release. Total dollar volume skyrocketed 21.5 percent year over year to nearly $28.02 billion, another record. For the full year, the average price for a single-family home was up 2.6 percent to $298,982, and the median price increased 3.3 percent to $237,500. Houston Business Journal

 

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Shelly Jo Jacobs

Author: Shelly Jo Jacobs