The Houston Real Estate market reached historic highs in May. May marked the 24th consecutive month (two straight years) of positive sales, and brought a continued flurry of home buying that accounted for the largest one-month sales volume of all time and record-high pricing. This buying frenzy caused a further shrinkage in the supply of homes on the market. May sales of all property types in Houston totaled 9,245, a 28.0 percent increase over the same month last year. That marked the largest one-month sales volume since June 2006. Total dollar volume for properties sold jumped 38.1 percent to $2.2 billion versus $1.6 billion a year earlier.
