Houston home sales set a record for the month of October and are still on a record-setting pace for the year, according to this Houston Business Journal article:
Despite some signs of home sales slowing in other parts of the country, Houston’s residential housing market continued to set records, according to statistics released by the Houston Association of Realtors Multiple Listing Service.
Total property sales for October reached 5,741, which represents the highest number of sales ever recorded in Houston in the month of October.
Year-to-date existing-home sales continue to rise ahead of last year’s record-setting pace with 60,334 listings sold so far this year, a gain of more than 9 percent from the same period last year.
Year-to-date existing property sales through October 2003 totaled 55,154.
“The continuation of highly-favorable interest rates coupled with a net gain of 24,600 new jobs in the past 12 months in Houston resulted in an all-time record for housing sales for October,” says Ted C. Jones, HAR chairman and Stewart Title chief economist.
