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by CareyBot

The Houston real estate market recorded another month of record sales and prices in August, the Houston Association of Realtors reported. Total property sales, which includes single-family homes, townhomes, multifamily homes, country homes, high-rise properties and lots listed on the MLS, totaled 8,106 in August, up 16.6 percent from a year ago. Additionally, year-to-date total property sales reached 53,554, which is an increase of 9.4 percent over the same period of 2004. For the month of August, existing single-family home sales totaled 5,925, which was a 19.6 percent increase from August 2004. The overall median price of single-family homes reached $143,900 in August, which was an increase of 4.7 percent compared to the prior year and a new high for the month. The August median price, ...