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by CareyBot

Houston, Texas, real estate sales gained from their year-ago levels for the 11th straight month in August, breaking more sales and price records, the Houston Association of Realtors reported today. Total property sales, which include single-family homes, townhomes, multifamily homes, country homes, high-rise properties and lots listed on the MLS, totaled 8,451 last month, up 5.5 percent from August 2005. Sales of new and existing single-family homes posted a record for the month of August at 7,052, up 5.9 percent from 6,661 a year earlier. Additionally, the median home price for a single-family home reached a monthly record for August of $152,000, up 5.6 percent from a year earlier. The median is a typical market price where half of the homes sold for more and half sold for less than that...