houston Houston’s housing market is thriving, to say the least. In June, the city recorded its third highest sales total in history.

The Houston Association of Realtors reported 7,220 single family homes were sold in the Houston area last month.

The slight rise of mortgage rates has made many people decide to purchase before rates increase further.

Many properties in Houston and surrounding area are seeing multiple offers, resulting in home prices climbing higher.

The average price of a Houston single-family home saw a rise of 13 per cent to $192,000, up from $170,000 a year ago. The average price increased 14 percent year-over-year to $268,085.

Townhouse sales also increased last month by 10 percent compared to June 2012. A total of 604 townhouse units sold last month, whereas 548 were sold same time last year.

Low mortgage rates and an economic boom are the factors driving Houston’s housing surge.
Houston has one of the best job growth markets in America, with 91,000 new jobs created over the last year.

June was the 25th consecutive month that home sales increased in the area.

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