Despite low inventory and record prices, buyers continue to scoop up properties.

In June, Houston real estate reached new highs, with buyers taking advantage of historically low loan rates to acquire homes from a limited supply. Despite the robust purchase activity, the rate of growth was slightly slower year over year.
With a 136.5 percent year-over-year rise in sales volume, properties valued at $750,000 and more once again dominated the market. The portion between $500,000 and $750,000 saw an 87.0 percent increase. The spike in high-end homebuying has once again pushed prices to new highs. The average price of a single-family home surged by 23.7 percent to $395,316, while the median price increased by 20.0 percent to $314,500.