June was the strongest month for home sales in Houston real estate history! Bernstein Realty’s Amy Bernstein discusses the market with Culturemap’s Ralph Bivins –
June was the strongest month for home sales in Houston real estate history with 7,935 single-family homes sold, the highest one-month sales total ever reported by the Houston Association of Realtors.
Industry experts and economists had been predicting that Houston home sales would crater following the collapse of oil prices and layoffs in Houston’s massive energy industry. But the predicted downturn in Houston housing has failed to materialize.
The surge in June was not just a one-month flash in the pan. The market has been strong throughout the year.
Through the first half of the year, realty sales are keeping pace with 2014, which was a record-setting year for Houston home sales.
The home sales total for June topped the previous record high month – May of 2013 when 7,708 single-family homes were sold. For decades, the Houston Association of Realtors has been issuing monthly sales reports and the best month ever was last month — June 2015.
“It was a very, very strong month. Inventory remains low. Buyer demand remains high. Interest rates remain low and consumer confidence remains high,” says Houston realty broker Amy Bernstein of Bernstein Realty. “All those factors together are making for a very strong real estate market right now.”
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