August was the 15th straight month of positive home sales across the Houston area, thanks to employment growth and low interest rates. Danny Frank incoming chairman of the Houston association of realtors says the housing market is doing really well right now.
“You look at the housing market we have right here in houston and you have to say ‘wow,’ ” Frank said.
Realtors sold 6,600 single-family homes last month. That is 20 percent more than last August and the highest one-month sales volume in five years. frank says right now people are selling their homes for more and closing deals quicker.
“You have a house and you are thinking about selling and you want it done quickly, now is the time to do it. Right now in houston it is taking an average of about 63 days to sell a house,” Frank added.
The median price, the figure at which half of the homes sold for more and half sold for less, was up 3.8 percent in August to $165,000 for a home in the houston area.
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