HAR: Houston housing market surges in NovemberHAR: Houston housing market surges in Novemberhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=154762016-12-19T06:00:00Z2016-12-19T22:00:00Z

​​HOUSTON – The Houston housing market registered healthy gains in November, with single-family home sales surging nearly 23 percent compared to one year earlier. 

Sales among luxury homes (priced at $500,000 and above)—the segment most constrained by the ailing energy industry—leapt almost 33 percent.​

According to the latest monthly report prepared by the Houston Association of Realtors (HAR), a total of 5,706 single-family homes sold in November compared to 4,651 a year earlier. 

On a year-to-date basis, home sales are up 2.7 percent compared to this point in 2015.

The single-family home average price increased 7.2 percent to $281,671, which was also the highest level for a November.

Townhome/condominium sales increased 14.6 percent, with the average price up 12.6 percent to $208,388 and the median price up 22.0 percent to $163,000.​ 
Houston Association of Realtors
Houston-The Woodlands-Sugar Land

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