According to the latest data from HomesUSA.com, the average number of new home sales in Houston surpassed Dallas as the top Texas market in June.
The company, which compiles information based on data from local Multiple Listing Services, including the Houston Association of Realtors (HAR), reports Houston hit a record with nearly 1,400 new home sales in June based on a 12-month rolling average. June’s average price for new homes in Houston was $358,810 – lower than Dallas and Austin, and the lowest for Houston in the past six months.
The Houston Chronicle reports Ben Cabellero, owner of HomesUSA.com, said “The resilience of Houston shines through in its housing numbers when you consider how strongly it has bounced back from the impact of Hurricane Harvey, and [the] Dallas-Ft. Worth new home sales market remains a juggernaut.”
Houston’s rental market is also going strong. According to the latest data from HAR, rentals for single-family homes increased three percent compared to June ’18, while townhome and condominium rentals increased 3.2 percent.
Read more from the Greater Houston Partnership’s monthly home sales update, as well as the HomesUSA.com report and the Houston Chronicle report.