HOUSTON – (Realty News Report) — Houston-area home sales climbed sharply in June, driven by a surge in higher-priced transactions that pushed the average sale price to a new record, according to the Houston Association of Realtors (HAR).
Single-family home sales reached 8,588 in June, a 12.5% increase from the 7,637 homes sold in June 2024. The average sale price rose to $450,235, up 4.4% year-over-year. Meanwhile, the median price — the midpoint of all sales during the month — held relatively steady at $346,651.
Sales increased across all price ranges, with luxury homes priced at $1 million or more showing the largest gain at 40.6%. Homes selling for $500,000 to $999,999 rose 14.2%, while sales of homes priced $250,000 to $499,999 climbed 10.6%.
“Although the average home price hit a record high in June, the median price is a more reliable indicator of overall market conditions,” HAR Chair Shae Cottar of LPT Realty said. “The median remaining virtually unchanged suggests prices are steady overall. With active inventory at record levels and rising buyer demand, Houston’s housing market is moving toward balance.”
Buyers had more choices in June as active listings reached a new peak of 38,713 homes for sale, a 32% increase from the previous year. For context, active listings were just over 10,400 at the tightest point of the market in March 2022.
The supply of single-family homes rose to 5.4 months of inventory in June, up from 4.2 months a year earlier and the highest level in 13 years. A five- to six-month supply is generally considered a balanced market because it reflects the time it would take to sell current listings at the current pace.
“While the U.S. housing market has struggled to return to pre-pandemic norms, Houston’s home sales have been closer to normal for the past two years thanks to a strong local economy,” HAR Chief Economist Dr. Ted C. Jones said. “Home prices are softening slightly, however, as affordability is at its lowest in four decades and inventory increasingly favors buyers.”
Houston has continued to add jobs, though the pace of growth has eased. The region added 29,600 jobs over the year in May, a 0.9% increase, according to the Bureau of Labor Statistics. That growth rate is down from 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