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Houston housing market breaks recordsHouston housing market breaks recordshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=70282013-06-19T07:05:00Z2013-06-19T00:00:00Z

HOUSTON - Area home sales hit a record in May 2013 when more properties were sold than in any other month in history. The median price of a single-family home also broke a record, jumping 11.9 percent to $188,000.

Buyers closed on 7,794 single-family homes, a 28 percent increase compared to May 2012, according to the Houston Association of Realtors. The last time the market approached that level of sales in a single month was in June 2006 when there were 7,688 closings.

Housing inventory continued its decline, falling to 3.3 months at the end of May 2013.

Houston Chronicle
Houston-The Woodlands-Sugar Land
Housing
http://blog.chron.com/primeproperty/2013/06/housing-market-breaks-new-records/Read more at {Source}

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