The sale of single-family homes in Houston soared 16.9 percent last month and reached the highest median price on record for September, the Houston Association of REALTORS® reports.
September has marked the fourth-straight month for sale increases.
The median single-family home price in September was $157,500--the highest on record for a September in Houston, HAR reports. The median price is 1.6 percent higher than the $155,000 median sales price in September 2010.
“The combination of increased closed and pending sales, fewer active listings, and strong pricing suggests that we are entering the fall home-buying season on strong footing,” Carlos Bujosa, HAR chairman, said in a statement.
Source: “Houston Home Sales Rise, Break Price Record,” Houston Business Journal (Oct. 18, 2011)