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HOUSTON — (September 20, 2011) — The mercury wasn't the only thing that soared in the month of August in Houston. Single-family home sales shot up more than 30 percent when compared to August of last year. However, as has been the case for the past several months, the rosy performance took on added luster as a result of last year's third quarter slowdown in home sales following expiration of the 2010 tax credit. That credit pushed local real estate transactions that otherwise might have taken place later in the year into the first two quarters of 2010. August marked the third consecutive month of increased sales and the fourth time in 2011 that sales volume entered positive territory.
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