Whether it was the lifting of the COVID-19 induced lockdown, a glimpse of turnaround for the energy industry, or record-low mortgage rates, buyers flocked to “For Sale” signs and started the summer market season with a bang, surpassing 2019’s June sales volume, a record-setting number in itself.

June 2020 figures jumped a whopping 15.7% year-over-year, from 8,063 to 9,328 single-family home sales. Across all housing segments, homes priced in the $250,000-$500,000 range produced the largest piece of the pie, bouncing 28.3% higher than the previous year.

Experts warn however that the resurgence of coronavirus cases across the city may compel buyers to postpone house-hunting, and suggest a real possibility that the market may revert back to April and May’s declines come September.

“Coronavirus has driven the Houston housing market into uncharted territory, however, we do know for certain that consumers have shown unwavering interest in real estate since the pandemic began,” says HAR Chairman John Nugent. “HAR’s early introduction of virtual open houses and virtual showings has enabled consumers to forge ahead with house-hunting plans without compromising health and safety, and historically low interest rates have remained a strong incentive to buy.”

For the Houston Association of Realtor’s full June 2020 market report, please click here.