Consistent growth parttern defies national trend, as sales and prices show single-digit increases.
The greater houston areas' econcomy continued to grow last month as unemployment rates were down, housing prices were up and the number of pending sales was at an all time record in june. This data is accouring to statistics from the HAR MLS. Monthly home sales alaso reache a new record high, beating last month data, which marked the previous all time high.
Total property sales for the month totaled 7,880, which was a 5 percent increase over june 2004. Properties sold during hte month reached a total of more than $1.4 billion. This was a 7.5 percent increase compared to last year's more than $1.3 bill in June sales. (more information at www.HoustonProperties.com)
In addition, year to date total property sales reached 37,629 which is an increase of 7.2 percent over the first half of 2004. Data from Houston Realtor, August 2005, HAR.com.
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