Houston Home Sales, Especially High-End, Hit Another Record In October [Forbes]
JP Morgan Chase & Co. (JPM)
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Source: Forbes
Among housing segments in Houston, high-end home sales rose the most last month, 12%, a report by Houston Area Realtors shows. Photo courtesy of John Daugherty, Realtors/TK Images The volume and pricing of home sales in Houston each hit another record in October, Houston Area Realtors’ monthly summary report shows. And the year-to-date sales of single-family homes is 5.3% ahead of 2017’s record volume. Overall sales of single-family home sales increased 4.7% in October, reflecting 6,716 properties changing hands, compared to 6,417 a year earlier. October’s total dollar volume increased 9.3% to $2.3 billion. In pricing, the median rose to $234,653, up 3.6%, and the average price increased 3.5% to $294,500. Both represent the highest prices ever for an October. The strongest performing housing segment was the luxury market. HAR found the sale of homes priced at $750,000 and above jumped 12%. Among the contributing factors in that market segment were ri
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