Home sales surged in June, reaching a record high, as the nation’s biggest real estate website hit its busiest month ever in 2018.
Read moreRead More:Housing prices rose to a record of $4.4 trillion in June as buyers flocked to the market in search of a new home amid rising interest rates.
The median price of a home in the Houston metro area rose $1,890, according to data from the Real Estate Board of Greater Houston, the fourth-highest rate in the nation.
That’s the highest price increase since March 2018.
Prices rose $2,700 to $4,400 in Houston, up from $4 to $5,000 in June 2017.
The national median home price jumped $2.2 million to $8,788, while the price of homes in Dallas-Fort Worth rose $6.7 million to nearly $11,000.
The median price in Las Vegas rose $3,200 to $9,700, up $2 to $11.
The average price of new homes sold in June rose $5.4 million to a new high of $1.65 million.
The average price rose $4 million in New York.
The National Association of Realtors reported the number of listings in June climbed by almost 8% year-over-year to more than 7.5 million, up 11.8% from the previous month.
The U.S. was home to nearly 1.3 million new listings in the first six months of 2018, according the association, up nearly 10% from last year.
The Texas Association of Home Builders reported a record $10.4 billion in new listings across the state in June.
That includes an 11% jump in sales of existing homes.
The total for June was up nearly 12% from a year ago.