From HAR Market Update, "July brought Houston's overall housing market positive results when all sales categories are compared to July 2011. On a year-over-year basis, total property sales, total dollar volume and average and median pricing all rose.

Month-end pending sales for July totaled 4,079. That is up 11.5 percent from last year and indicates the likelihood of another month of positive sales when the August real estate transactions are totaled. Active listings, or the number of available properties, at the end of July declined 16.3 percent from July 2011 to 41,860."

See the full report here.