According to Houston home sales rose 6.7 percent year over year in July, with a total of 8,147 single-family units sold versus 7,637 a year earlier.  So once again those concerned with the Oil & Gas industry and how it relates to the Houston housing market need not be.  Houston’s diverse market continues to gain.  Not only are sales up so is the inventory from 3.0 to 3.4 compared to last year.  Even better the market is also seeing a significant growth in home pricing and even better in homes priced over $500,000.  It’s still a great time to sell or purchase.

Jennifer L. Ciulla