Page 11 - ஹூஸ்டன் சங்கம் ஆஃப் றேஆல்டோர்ச் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Houston home sales rocket to record-breaking pace in buying bonanza
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Many local zip codes have seen booming home sales figures to begin the year, with the trend continuing last month.
Each of the six zip codes in the area served by The Leader saw year-over-year March increases of at least 30 percent, with multiple areas seeing at least an 80 percent spike, according to the most recent data from the Houston Association of Realtors. As a result, all local markets are at least 15 percent ahead of last yearâs sales pace.
Many area markets saw a mixed bag as far as year-over-year pricing trends for both average and median home prices.
77018
A zip code that includes Oak Forest, Garden Oaks, Shepherd Park Plaza and part of Independence Heights saw a particularly fruitful month. There were 96 homes that came off the market in this area last month, an 81.1 percent spike compared to March 2020. Year-to-date, there has been a 36.7 percent increase compared to the same period last year, with 201 homes sold so far.
HAR: Houston home inventory plunges to record-low, high-end home sales surge
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The Houston housing market recorded its tenth consecutive month of positive sales in March despite record-low inventory.
Single-family home sales jumped 24.4 percent year over year to 9.347, the Houston Association of Realtors reported. Total property sales for the month saw a 31.5 percent year over year increase to 11,692. All-in-all, total dollar volume for the month surged 55.8 percent to $4 billion.
High-end home shopping dominated the market in March. The housing segments priced at or above $250,000 saw a double-digit year over year percentage increase in sales in March: The luxury segment, homes priced at or above $750,000, saw an 89.9 percent increase in sales; Homes priced $500,000-$749,999 saw a 96.8 percent increase; and homes priced $250,000 -$499,999 saw a 50.7 percent increase.
See the most expensive homes sold in Houston in March 2021 - Houston Business Journal
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