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MARKET BLOG/NEWS
Houston Real Estate Holds It's Own
April was our best month ever! Despite the growing concern over the real estate market the Houston market has really held it's own.
The Following are excerpts from a Chronicle:
"John Daugherty, Realtors sold $137 million worth of residential real estate in April. It was the firm's best month in its 41-year history."
"Though sales were down for the eighth straight month, growth in the energy and medical sectors have bolstered the real estate market and will help lead to a faster recovery, experts said.
Moderate prices have helped, too.
The overall local market has avoided a price bubble, although some parts of town have experienced double-digit appreciation in recent years.
The median price of a home in April was $150,000, unchanged from the year earlier.
The median is the midpoint where half the homes sold for more and half for less.
"Houston has really held its own," said Stephanie Weiss, an agent with John Daugherty."
View the Entire Article Here: http://www.chron.com/disp/story.mpl/business/5793525.html
