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  • Michael O'Neal | Keller Williams Realty Northeast - The Michael O'Neal Group Blog

    Thursday, September 12, 2019   /   by Michael O'Neal

    HOUSTON HOME SALES SIZZLE IN AUGUST!

    Consumers drive sales volumes to near-record levels as interest rates stay low
    HOUSTON  — Temperatures weren’t the only thing soaring in August. Home sales registered another hot month, as low mortgage interest rates kept consumers in a buying mood. According to the latest monthly report from the Houston Association of Realtors (HAR), August sales of single-family homes throughout greater Houston totaled 8,679. That is up 3.9 percent year-over-year and marks the second largest one-month sales volume of all time; the record of 8,930 was set just last month. On a year-to-date basis, home sales are running 3.1 percent ahead of 2018’s record volume.
    Homes in the $250,000 to $500,000 range scored the greatest sales gains, up 14.7 percent compared to August 2018. Next were homes in the $500,000 to $750,000 range, which rose 7.0 percent. The luxury segment, which encompasses homes priced from $750,000 and up, fell 3.0 percent.
    The median price of a single-family ...

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    Thursday, August 22, 2019   /   by Michael O'Neal

    HOUSTON REAL ESTATE MARKET HEATS UP!

    HOUSTON — (August 14, 2019) — Consumers kept Realtors across greater Houston busy in July, accounting for the greatest one-month volume of single-family home sales of all time. According to the latest monthly report from the Houston Association of Realtors®(HAR), July single-family home sales totaled 8,953. That is up 11.6 percent year-over-year and exceeds the last one-month sales volume record set in June 2018 (8,385). On a year-to-date basis, sales are 3.0 percent ahead of 2018’s record volume. Realtors point to low mortgage interest rates and the steady growth in inventory for the solid monthly performance. 
    Homes in the $500,000 to $750,000 range staged the biggest sales gains, up 22.0 percent versus July 2018. Next were homes in the $250,000 to $500,000 range, which rose 16.9 percent. The luxury segment, which consists of homes priced at $750,000 and above, increased 5.3 percent.
    The median price of a single-family home (the figure at which half ...

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