Houston’s median home price hit all-time record, leases skyrocketed in May

The Houston-area housing market recorded strong growth in all major metrics in May, including sales, prices and inventory, according to the Houston Association of Realtors. The number of leases also skyrocketed last month. Single-family home sales increased 11.5 percent year over year to 8,156 in May, and sales of all property types jumped 12.3 percent to 9,744. The total dollar volume for all properties sold in May soared 17.4 percent to $2.8 billion. All segments of homes priced above $150,000…

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