Single-Family Homes Update(HAR Report)
Single-family home sales soared 25.6 percent in November with 7,990 units sold throughout the greater Houston area compared to 6,359 a year earlier. On a year-to-date basis, sales are outpacing last year’s record volume by 9.0 percent. Strong sales volume among homes in the high end of the market once again pushed pricing upward. The single-family home average price hit a record high, climbing 15.0 percent to $341,765. The median price reached the second highest level of all time, rising 12.0 percent to $270,000.