Houston, TX has seen a 28% increase in home sales this May compared to May of 2012. Since 2012, the median pricing for single-family homes has escalated by 11.9% ($188,000) and the average pricing of single-family homes has climbed 9% ($256,790). With a steady rise in both sales and pricing, Houston’s real estate market has reached a record increase in sales. Agents are faced with battling bidders and cash offers, making Houston one of the most thriving markets. Experts worry that the drastic rise in prices could suggest a possible housing bubble and are wary that the Houston frenzy could lead to unsustainable sales levels.[caption align="alignleft" width="200" caption="www.yourhoustonnews.com"][/caption]
Just when you thought the pace of Houston home sales could move no faster nor home prices climb any higher, they do.
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