HOUSTON – (Realty News Report) – Houston real estate market remained strong in May with more than 8,000 single-family homes sold. It was only the third time that single-family sales have surpassed the 8,000-mark in Houston, according to the Houston Association of Realtors reported Wednesday
According to the latest monthly report from HAR, 8,157 single-family homes sold in May, a 1 percent increase over the 8,078 homes sold in May of 2017.
Home prices are up. Houston prices prices reached the highest level of all time. The single-family home median price (the figure at which half of the homes sold for more and half sold for less) increased 3.4 percent to $243,000 and the average price edged up 1.3 percent to $305,511, beating the previous record of $305,065 set last month.
Demand for single-family investments is strong in Texas, according to Daren Blomquist of Attom Data Resources, speaking at the National Association of Realtors conference in Las Vegas Wednesday.