Houston home sales surge in June

Houston continues to see a housing recovery.June proved to be another strong month for the Houston real estate market, with home sales increasing markedly.?A total of 7,220 single-family homes were sold in June, a 13.4 percent year-over-year improvement and the third highest one month volume of all-time, according to the Houston Association of Realtors.?However, inventory levels didn't improve?as they were unchanged from the previous month at a 3.3-months supply, down from 5.5-months a year ago and 3.6-months at the beginning of the year.?”The Houston housing market plowed full-steam ahead through another month and most Realtors I know have never been busier,” said HAR chairman Danny Frank with Prudential Anderson Properties. “The fact that inventory has leveled off month-over-month suggests that we may finally be starting to see enough homes listed for sale to keep up with demand.”More new homes could penetrate the Houston real estate market in the near future, and help boost inventory levels and sales, as builder confidence jumped six points in July, the National Association of Home Builders noted.?Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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