Housing market bust? Not in Houston!

For the past year or so, we’ve been hearing about the sagging housing market around the nation – home sales falling, prices are falling, the sky is falling. Once gain, Houston bucks that trend.

Houston showed a 5.5% increase in home sales in August, compared to a year ago. The average selling price for a single-family home is over $200,000 for the fourth month in a row, but the median price of a Houston home is about $50,000 lower (maybe some of the houses we showcase on Shelter Porn sold and raised the average price?).

Although we’re happy to hear that were fairing better than most cities in the country, we have to admit that we still get a little nervous about the potential of a bust here, too. That fear may have to with the seemingly never-ending construction of new townhomes inside the loop.