Median price increases for homes

July 20, 2013

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Through June of this year, the median sales price for a home in Hood County was $165,000. That’s an increase from the 2012 median sales price of $160,000.

The latest statistics from the U.S. Census Bureau show homes across the nation were selling for less than the median price in Hood County.

Hood County homes sold for a median price of $162,000 in 2011, an increase of almost 5 percent from the previous year, according to figures from the Granbury Association of Realtors.

Across the nation, the median price for homes was $110,000 in 2011, according to statistics released this month by the U.S. Census Bureau.

The 2010 median home price in Hood County was $155,000; while nationwide median home price in 2010 was $107,000.

CLOSED SALES ARE UP IN HOOD

Emily Burks, spokeswoman for the Granbury Association of Realtors, reports the number of home closings is increasing in Hood County. From January to May 2013, there were 332 closed sales.

New homes in Hood County sold for a median price of $255,500 in 2011, up from $220,000 in 2010.

QUICK FACTS ON HOMES

The Census Bureau found that the median year (occupied) homes were built in the U.S. was 1974.

Nationally, piped gas was the most prevalent home heating source, used by 50 percent of occupied homes. Electricity was used for heat by 35 percent of homes.

Across the U.S., 72 percent of owner-occupied homes had central air.

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Category: Business News Archived