Corpus Christi home sales increased 12 percent to 579 sales in July 2015 while home prices rose, according to the July 2015 Corpus Christi housing market report released last week by the Corpus Christi Association of REALTORS.

Warren Andrich, President & CEO of the Corpus Christi Association of REALTORS, said, The summer selling season didnt disappoint in July, with double-digit gains in home sales and listings on the market. We anticipate that this positive momentum could continue through the rest of the summer.

According to the report, 579 homes were sold in Corpus Christi in July 2015, a 12 percent increase from the year prior. The median price for Corpus Christi homes increased 4 percent year-over-year to $179,950 during the same time frame.

Corpus Christis monthly housing inventory* was 5.8 months in July 2015, 0.5 months more than July 2014. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 79 days on the market in July 2015, the same amount of time from the year prior. Additionally, active listings increased 12 percent year-over-year to 2,546 listings during the same time frame.

July 2015 Statistics At-A-Glance

579 Homes sold in July 2015, 12 percent more than July 2014.

$179,950 Median price in July 2015, 4 percent more than July 2014.

5.8 Monthly housing inventory in July 2015, 0.5 months more than July 2014.

79 Average number of days homes spent on the market in July 2015, unchanged from July 2014.

2,546 Active home listings on the market in July 2015, 12 percent more than July 2014.

With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.