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Houston Asking Price Growth Remains Strong in July

by Peter Thomas Ricci

Asking prices grew all over the nation in July, and they remained strong in our metro area.

Asking prices in the Houston metropolitan area rose 10.4 percent year-over-year in July, according to the latest Price Monitor from real estate website Trulia.

That was in addition to the area’s 3.6 percent quarterly increase, and rents also increased 4.2 percent, year-over-year.

National Asking Prices Continue to Slow

On a national basis, asking prices continued to return to earth after their exuberant 2013. Per Trulia’s analysis, asking prices were up in 97 of the nation’s 100 largest metros, though the average quarterly increase of 2.5 percent was below 2013’s increases of the same period, which were 3 percent or higher.

For more perspective on how our metro area compares with the rest of the nation, take a look at our infographic below.

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