Industry News

Houston real estate breaks more records

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Home sales in Houston, Texas, grew for the sixth straight month in March, and sales and prices for single-family houses broke March records, 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 8,015 in March, up 22.4 percent from a year ago. Total single-family home sales set a March record at 6,542, up 22 percent from the year-ago level of 5,363 sales. March was also the third-best month ever for Houston's single-family home sales. The overall median price of single-family homes reached a record for the month of March at $143,310, which was an increase of 5.4 percent compared to a year ago. The median is a typical market price where half of the homes sold for more and half sold for less than that figure.  "You never want to claim good weather as the reason for anything -- that is just tempting fate in Houston -- but ...