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, however, is down from July’s $145,500.
For existing homes, the median sales price in the Houston area was $137,500, an increase of 4.5 percent compared to the same period last year.
The number of townhouses and condos that sold in August were down compared to last year’s sales, with 701 units being sold last month, versus 665 properties in August 2004. The overall median price in the townhouse/condo segment in Houston rose by 16.5 percent, from $97,000 in August 2004 to $113,000 last month.
The Multiple Listing Service of the Houston Association of Realtors includes residential properties and new homes listed by 21,000 Realtors throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties.
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