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Houston Asking Price Increases Remain Strong in June

by Peter Thomas Ricci

The good news train continued rolling in June with the release of Trulia’s latest Price Monitor.

Asking prices in the Houston area rose a strong 9.5 percent year-over-year in June, according to the latest Price Monitor from Trulia; based on listing data from its website, Trulia’s Price Monitor anticipates price growth in the industry’s other major home price indices.

Though Houston’s yearly asking price growth was not quite as strong as months past, it was still quite positive; in addition, asking prices were up 2.2 percent quarterly, and asking rents rose 3.9 percent year-over-year.

Nationally, asking prices also continued to slow, with yearly and quarterly increases coming in at 8.1 and 2.6 percent, respectively; though still positive, those increases were behind June 2013’s 9.5 and 3.1 percent.

See our graph below for more perspective on how Houston compares with the rest of the nation:

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