HOUSTON-Condominium sales and prices have risen significantly in 2013 in the city of Houston.
According to a report released by the Texas Association of Realtors, condominium sales were up 25% between January and September as compared to the same period in 2012. In the first nine months of 2013 there were 5,067 condominiums sold in Houston.
Condo sales in Houston so far in 2013 are the highest among the four major metro areas in Texas, according to the Houston Business Journal.
The median price of a condominium in Houston rose 7% since 2012 to $140,00.
Houston is currently enjoying a boom in multifamily construction. Among the projects now under development include a 36-unit luxury mid-rise in the Heights and a 26-story luxury high-rise project in the uptown district. See story in the Houston Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
