Real Estate and Events in Katy TX and Surrounding Communities

Posts tagged ‘Single-family detached home’

Houston Home Prices Reach a Record High in June

Houston Home Prices Reach a Record High in June  – Home sales increase for the second time this year

HOUSTON — (July 19, 2011) — Houston home sales rose for the second time this year in June, with the average price reaching an all-time high and the median price achieving the highest level in nearly two years. The sales increase reflects the slowdown in home purchases that set in a year ago following expiration of the home buyer tax credit. The credit triggered a surge in home buying during the spring of 2010 that resulted in slower sales volume during the remainder of that year.

According to the latest monthly data compiled by the Houston Association of REALTORS® (HAR), June sales of single-family homes edged up 0.6 percent versus one year earlier. That represents the first increase since January when sales volume rose 8.4 percent. The under-$80,000 segment of the market as well as homes priced from $250,000 and above experienced increased sales while the popular middle range, consisting of homes priced between $80,000 and $250,000, saw declines. Compared to June of 2009, a year with no unusual market factors such as Hurricane Ike in 2008 and the 2010 tax credit, single-family home sales were up 2.7 percent.

Continue:  via Katy Real Estate and Events Blog.

How did the Houston Market perform in 2010? Here is the MLS Press Release

The average price of a single-family home reached the 2nd highest level 0f 2010 and an all-time high for December in Houston – $221,613. See the full market report here:

MLS Press Release

via Katy and Houston Area News and Events: How did the Houston Market perform in 2010? Here is the MLS Press Release.

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