Sales up 6% and prices up 3%

For the Houston area market:

Total property sales for the month registered 6,792, which was a 6.0 percent increase over October 2005. Properties sold during the month reached a total of nearly $1.3 billion, a 9.9 percent increase compared to last year’s more than $1.1 billion in October sales. Year-to-date dollar volume is just a hair shy of the full-year figure for last year, with $14.0 billion of property changing hands, compared to $14.2 billion for all of 2005. Additionally, the median home price for a single-family home reached a monthly record for October of $146,000, and the average single-family home price came in at $189,527, increases from last year of 2.8 and 0.4 percent, respectively.