Monthly home sales fell only for the second time this year, as low inventories and fierce competition pushed some buyers out of the way as material and labor shortages slowed the downturn. construction of new houses.
Single-family home sales fell 5.2% in October from a year earlier to about 8,700, the Houston Association of Realtors reported on Wednesday, July being the only other month this year to see sales decline. from one year to the next. While the real estate frenzy may have cooled, however, prices haven’t. The median selling price jumped about 15% from the previous year to $ 305,000.