Industry News

September’s home prices in Houston set a new standard

Trailing the pack in first place
  • September 2015’s home prices were the best ever seen in a September.
  • Houston has some stiff economic competition across the Lone Star State.
  • Compared with other big cities in the state, Houston’s numbers for price increases, inventory and sales trail the pack.

Houston home sales shuffled forward in September after a tepid August. With continued concerns about the health of the energy sector filling the air like the falling leaves, Houston, and all of Texas, had strong markets, according to most local and state-wide real estate indicators. In fact, according to the Houston Association of Realtors (HAR), September 2015’s home prices were the best ever seen in a September. The average price of a single-family home in Houston is now $270,901. The city’s median price is $208,000. In many places, those in the real estate industry hold their collective breaths as summer comes to an end, thinking that the busy season is over. But, in Houston, the year-over-year numbers still show movement. And it’s the center of the market where observers say the market still is-- homes in the $150,000 to $500,000 price range showed vigor, while homes priced on either side of that span declined. Houston has some stiff economic competition acro...