Houston Median Home Price Hits All-Time High
Posted on Sat, Jan 02, 2010
Allison Wollam from the Houston Business Journal reports:
The median sales price of single-family homes in the Houston area reached its highest level ever in June - at the same time as the local housing market recorded its 22nd consecutive monthly drop in home sales.
Sales of single-family homes in Houston in June totaled 5,422, the highest number since August 2008, according to statistics released by the Houston Association of Realtors.
At $164,500, the median sales price rose 2.8 percent compared with June 2008, when it was $160,050. The national single-family median price reported by the National Association of Realtors is $173,000.
Read the full article.