Tap To Call

Houston’s housing market is hot this summer.

Home buyers had a few more options in July when nearly 16,300 homes were actively listed for sale, according to the Houston Association of Realtors. That’s nearly 2,800 more than the previous month, but 4,700 below the level in July 2020.

As buyers snapped up homes at a record pace, the average home price jumped 15 percent to $389,197.

Builders are staying busy to meet the demand. In the last year, builders started construction on nearly 43,000 homes across the Houston region, the most since 2007, according to Zonda, a housing consulting firm.

On the multifamily side, apartment rents jumped by 7.7 percent over the year in July as occupancy reached 91.3 percent, according to ApartmentData.com.

Publication: Houston Chronicle