At $159,000, the median sales price for single-family homes was statistically flat versus August 2010 and down fractionally from June and July’s $160,000 level, which was the highest median price of 2011 and the highest level in two years. The national single-family median price reported by NAR is $174,000, illustrating the continued higher value and lower cost of living available to consumers in Houston. The cause behind a flat median price is an increase in lower cost housing specifically housing below $80,000. There was an increase in sales of just over 45% for that category.
While the median is still flat the data clearly indicates that the overall price of single family homes in Houston is on the rise albeit at a snails pace.
No comments:
Post a Comment