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HOUSTON FACTS TAX CREDIT WHY NOW IS A GOOD TIME TO BUY FREQUENTLY ASKED QUESTIONS

July home sales highest for a year

by Allison Wollam
Houston Business Journal

According to statistics released by the Houston Association of Realtors, Year-over-year sales of single-family homes priced between $150,000 and $250,000 rose 1.2 percent in July. At $163,000, the July single-family-home median price was up 1.5 percent from one year earlier and was the second-highest median price on record. The highest median price of all time, $164,500, was reached in June 2009.

Vicki Fullerton, HAR chairwoman and broker of record at RE/MAX of The Woodlands & Spring, said strong pricing performance, an easing decline in sales volume and the slowdown of foreclosure sales make for positive indicators about the state of the local real estate market.

“We look forward to further improvement as the tax credit incentive, historically low interest rates and an attractive variety of housing inventory continue to draw buyers to the marketplace,” Fullerton said.