Courtesty of Houston Association of Realtors
THE HOUSTON HOUSING MARKET HEATS UP IN MAY
Growing inventory helps meet increased buyer demand; pricing eases
HOUSTON — (June 15, 2016) — Steady growth in the supply of homes provided the fuel needed to help boost to the Houston real estate market in May, with single-family home sales up 10 percent year-over-year. As the market has seen for several months, the greatest concentration of home buying continued to take place among mid-range housing—homes priced between $150,000 and $500,000. The average and median price remained virtually the same as May of 2015.
Featured Listing by Gerald Gronauer
$2,500,000 ~ Bedias, TX - Ranch Living at its' Finest! 249 acres, 2 stocked ponds, one large lake, 4 fishing docks, a boat slip, a big barn, resort style heated pool and spa, fire pit, outdoor kitchen with commercial grade ice maker make this ranch a luxurious retreat. Request more information here
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