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    Real Estate Rumblings

    Best month ever! Houston home sales reach record levels as average price tops $300,000

    Ralph Bivins
    Jul 15, 2015 | 1:48 pm

    June was the strongest month for home sales in Houston real estate history with 7,935 single-family homes sold, the highest one-month sales total ever reported by the Houston Association of Realtors.

    Industry experts and economists had been predicting that Houston home sales would crater following the collapse of oil prices and layoffs in Houston’s massive energy industry.

    But the predicted downturn in Houston housing has failed to materialize.

    The surge in June was not just a one-month flash in the pan. The market has been strong throughout the year.

    Through the first half of the year, realty sales are keeping pace with 2014, which was a record-setting year for Houston home sales.

    The home sales total for June topped the previous record high month – May of 2013 when 7,708 single-family homes were sold. For decades, the Houston Association of Realtors has been issuing monthly sales reports and the best month ever was last month — June 2015.

    “It was a very, very strong month. Inventory remains low. Buyer demand remains high. Interest rates remain low and consumer confidence remains high,” says Houston realty broker Amy Bernstein of Bernstein Realty. “All those factors together are making for a very strong real estate market right now.”

    The surge in June was not just a one-month flash in the pan. The market has been strong throughout the year.

    Midway through 2015, a total of 35,636 single-family homes have been sold. That’s less that a 1 percent decline (only 200 fewer home sales) from the midyear sales total in 2014.

    “Experts and people in the industry who watch the trends, they are very positive,” says Cheri Fama, president of John Daugherty Realtors. “And the real estate community, as a whole, they remain very positive.”

    In certain locations, reasonably priced homes are drawing multiple offers. Realty agents who sell brand-new houses in the outlying suburbs also report strong activity, Fama says.

    Record highs

    Prices reached record highs in June, the Realtors association reports.

    In June, the average price of a single-family home was $302,942, up over 6 percent over the average price in June of last year. The median price — the figure at which half the homes sold for more and half for less — rose 5 percent to $225,000.

    The typical home sold in June was on the market for only 43 days – another all-time record in the “days on market” category.

    The inventory of homes for sale rose slightly in June, but the supply remains tight, compared to historical norms.

    The typical home sold in June was on the market for only 43 days – another all-time record in the “days on market” category. In other words, homes were flying off the shelves faster than ever before.

    The total single-family sales in June were up 4 percent over sales in June of 2014. Townhome and condo sales were also good, with a total of 721 units sold in June, up almost 7 percent compared to last year.

    Pending home sales, an indication of what will happen in July, are up sharply and July could be another record-setting month. So the summer, the best season for home sales, won't be cooling off.

    The momentum could last for a while. In 2015, the Houston housing market is running neck-and-neck with the record-setting pace of 2014. There are no new signs of a slowdown coming, so even with the oil price crash, 2015 will be one of Houston strongest years ever for home sales - maybe the best year ever.

    Ralph Bivins, editor of Realty News Report, is a past president of the National Association of Real Estate Editors.

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    news/real-estate

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    A city retreat

    Houston fave Frank Billingsley's house hits the market for $1.5 million

    Holly Beretto
    Jun 23, 2025 | 1:45 pm
    38 Hackberry Lane exterior
    Josh Gremillion for Martha Turner Sotheby's International Realty
    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

    Set just off Mid Lane is a beautiful, custom-built home. Located at 38 Hackberry Lane, the four-bedroom, three-and-a-half bath home with great details is now on the market for $1.525 million, represented by Corey Lipscomb of Martha Turner Sotheby's International Realty.

    With 3,356 square feet of living space and sitting on a lot that’s more than 8,300 square feet, the home is currently owned by Frank Billingsley, current executive producer and co-host of Houston Public Media’s Hello Houston. Audiences will also recall him as the longtime meteorologist for KPRC-TV in Houston.

    Upon entering the home’s double doors, potential buyers will be captivated by the home's dark, hardwood floors, and a dramatic, custom, wrought-iron staircase. The entryway also offers views of the living room, which features a fireplace, recessed lighting, and French doors that lead to a covered patio and the pool. A wet bar with porcelain counters and an ice maker are right off the living room, handy access for sharing cocktails with guests.

    The formal dining room has custom millwork, inlaid hardwood floors, and French doors leading directly to the pool deck. Large windows offer abundant natural light and sweeping views of the backyard.

    The kitchen offers porcelain countertops, a gas range, stainless appliances, and plenty of storage. It’s anchored by an island that has bar seating. A breakfast room is an ideal spot to begin the day with a cup of coffee.

    Upstairs, the primary suite has its own fireplace and sitting room, making it a true owner’s retreat. The primary suite bath has a double sink vanity, seamless glass shower and separate soaking tub, as well as a walk-in closet. The additional bedrooms on the second floor each have a Hollywood bath. The fourth bedroom is on the third floor, with a full bath and walk-in closet.

    The beautifully landscaped yard is perfect for entertaining, with a covered loggia with fireplace, hot tub, pool, and a covered patio.

    With its location not far from Highland Village, Central Market, and the Galleria, this is a home that those who want to be in the heart of it all, while still feeling like they have an oasis in the city.

    38 Hackberry Lane exterior
      

    Photo by Josh Gremillion for Martha Turner Sotheby's International Realty

    38 Hackberry Lane, currently owned by Frank Billingsley, is on the market for $1.525 million.

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    news/real-estate

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