Single-family home sales jumped 48.2 percent year over year to 9,702 units sold, the Houston Association of Realtors reported.
The luxury segment, homes priced at or above $750,000, saw an 291 percent increase in sales, shattering all previous records.
Months of inventory estimates the number of months it would take to sell all the active home listings on the market today based on the pace of sales over the past year.
They are exceeding them, as we hear endless accounts of offers coming in that are thousands of dollars above list price.
During her time in H-Town, she’s covered everything from fancy Houston homes to tropical storms. Previously, she worked at Austin Monthly Magazine and KAGS TV, where she earned a Regional Edward R.