Single-Family Homes Update(HAR Report):
Single-family home sales leapt 48.2 percent in May with 9,702 units sold across the greater Houston area compared to 6,546 a year earlier. Heavy sales volume among homes at the high end of the market propelled pricing to levels that broke last month’s record-setting highs. The single-family home average price climbed 29.7 percent to $387,105 while the median price rose 21.7 percent to $304,000.