Single-Family Homes Update(HAR Report):
Single-family home sales jumped 29.1 percent in September with 9,101 units sold throughout the greater Houston area compared to 7,050 a year earlier. On a year-to-date basis, sales are outpacing last year’s historic volume by 5.4 percent. Strong sales volume at the high end of the market once again pushed pricing upward. The single-family home median price rose 8.3 percent to $265,000 while the average price increased 10.1 percent to $329,801. Both figures are historic highs for a September.