Houston home sales and prices have seen drastic volume growth since 2019, nearing record-high numbers set in 2020.

In the last month alone,10,159 single-family homes sales in Houston, which despite being a 6.1% drop from the record set in 2020, when 10,822 homes were sold. Last year's influx came from delayed transactions brought about by the pandemic. In comparison, there were 8,921 sales conducted in July 2019.

"We know anecdotally that the Houston real estate market is still red hot, but the statistics make it appear to be slower than a year ago because of the surge in home closings that took place last July when the market began to normalize with the lifting of pandemic-related restrictions,” said chairman of the Houston Association of Realtors Richard Miranda, according to the Houston Chronicle. 

The overall inventory of houses for sale for July rose to 1.8 months, climbing from 1.5 months in June, yet only a little over half of 2.9 months set in July 2020. Despite this, median prices for single-family homes in Houston rose 13.9% year-over-year to $309,910 in July and are predicted to plateau around record costs, according to the Houston Chronicle. 

Houston is just one of Texas' cities that has seen rapid growth in home sales and demand in the last few years.