Prudential Gary Greene Blog: “It has been so refreshing for the last few months to review the overall Houston market activity and see all the metrics in a good position and getting better. October single-family home sales were up 9% which helped strengthen an upward trend.
Year-to-date, home sales are up 3% [as was the case in September] with 45,096 MLS recorded home sales. Homes are showing a resiliency in value – the median price of a home in Houston year-to-date is $154,890 and that’s 1% above the median price last year. Probably the most encouraging market stat at the conclusion of October 2011 is pending sales. Pending sales are contracts written that are scheduled to close in the near future.”
Continue here. See a snapshot view of statistics on the Houston housing market through October 2011: