Single-Family Homes Update(HAR Report):
Single-family home sales fell 5.2 percent in October with 8,703 units sold across the greater Houston area compared to 9,183 a year earlier. Strong sales volume among homes at the high end of the market pushed up pricing, however it remained below June’s record-setting pricing. The single-family home average price rose 13.1 percent to $377,631 while the median price increased 14.7 percent to $305,000. Both figures are record highs for an October.