The month of August brought an increase in sales volumes throughout the metro area, according to new data from the Houston Association of Realtors.

Housing starts, existing-home sales and housing inventory were all down in Houston during August. But days on the market also fell.

Homebuyers in the Houston area should brace themselves amid expectations that the residential real estate market could jump 14.1% next year.

Over the past year, outer suburbs, or exurbs, have experienced a particularly intense boom. It’s those distant areas which saw the sharpest increase in interested buyers, according to Realtor.com.

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

With plans to begin sales in six new communities, M/I Homes is set to double its current footprint in the greater Houston area over the next 18 months.

With several of its homesites pre-sold, Serenity at Meridiana has embarked on construction of its amenity center, model homes and initial move-in ready homes as the first 55-plus active-adult community along the Texas 288 corridor.

You might be surprised by the results of this survey.

New listings lost some momentum as families turned their attention to sending kids back to school according to Houston Association of Realtors.

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

Homes priced from $750,000 and above led the way in sales volume in July with a 36.7% year-over-year increase. Most of the homes are located in River Oaks, Memorial Villages and The Woodlands.

After a Black real estate agent and his client were detained by police while viewing a house, the National Association of REALTORS® took a strong stance against the “deeply disturbing” incident of “racial profiling.”

Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.

Besides Atlanta, the portfolio’s markets include Dallas; Phoenix; Nashville, Tenn.; Charlotte, N.C.; and Tampa, Fla.

Lot values for single-family homes are surging, according to an NAHB report. The current national median is $53,000: a record high.