According to the Houston Association of Realtors, home prices are on the rise.

HOUSTON, Texas – As active listings fell in Houston, total real estate sales grew positively, recovering from a sluggish October.

Single-family home sales were up 3.9% from last November with 8,320 homes sold last month, according to a November market update from the Houston Association of Realtors.

Total dollar volume showed one of the biggest changes ever, up 20.6%; Total active listings are down 13.3% from November 2020, according to the report.

Median and median home prices have risen after the market fell last month, though median prices have still fallen below their peak last summer.

With a 5.6% change from last November, total property sales totaled 10,216 for the previous month.

“During the pandemic, the Houston housing market has been incredibly strong, and November was no exception,” HAR President Richard Miranda said in a press release. “We continue to be on track for a record 2021, and the Greater Houston Partnership sees positive conditions for local employment in 2022.”

This story comes from our partners at Report on community influence.

The introductory video above is from an earlier report. According to the Houston Association of Realtors, home prices are on the rise.

Dais Johnston

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