Single-Family Homes Update(HAR Report):
Single-family home sales increased 4.1 percent in March with 9,693 units sold throughout the greater Houston area compared to 9,309 a year earlier. Strong sales volume among higher-end homes pushed pricing up to historic highs. The median price climbed 15.5 percent to $335,000 while the average price rose 11.4 percent to $410,923. These prices are not only new record highs, but the average price represents the first time that single-family pricing has exceeded $400,000.