Houston Housing Market Breaks Records
June 3, 2013
(Source: Houston Business Journal) – The local housing market had a record-breaking April, according to the Houston Association of Realtors. The median price for single-family homes increased 14.5 percent year-over-year to $184,900, an all-time high for the city. The average price for single-family homes also reached an all-time high of $253,907, 14 percent higher than April 2012.
Single-family sales spiked 27.2 percent year-over-year, the largest one-month sales volume since just before the recession. All price categories increased in sales except for homes priced under $80,000, which decreased 16.5 percent from last year. Active listings were down 23.6 percent from April 2012.
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Tags: Houston economy, Houston Housing Market, Houston Real Estate, Houston Texas
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This post was written by Sandcastle Homes