May 2018 Residential Sales Report is in - "Prices edge upward even as the supply of homes improves!" The greater Houston real estate market continues to trend upwards with a 1% rise in home sales and new record highs for both average and median prices. This 1% increase, from April to May, marks the second greatest one-month sales volume in history!
Home values also reached the highest levels of all time!!! The single-family homes median price increased by 3.4% and the average price rose by 1.3%; beating the previous record that was set last month! The $500,000 to $749,999 price range remained the best performing price range for the fourth straight month while jumping up by 10.3% from last month.