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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jun 07, 2006
Page
5
Houston area real estate posted strong April results with 7,053 total sales, up 5.1 percent from April 2005, and a 9.6 percent jump in total dollar volume to over 1.3 billion. The median single-family price reached 147,000 and the average 196,630, both all-time Houston records, while Baytown saw weaker activity.
The overall median price of single family homes rose to a record $147,000 in April, marking a 6.9 percent increase from the prior month. Strong demand and limited supply pushed prices higher as buyers competed for available homes.
In Houston the townhouse condo sector shows an April rise with a 7.3 percent jump in the median price to 118000 dollars. The April 2006 average sale price reached 145953 dollars, up 0.3 percent year over year, while 694 units sold versus 601 the prior April, a 15.5 percent sales increase.
U S equities drop for a second straight session with the Dow tumbling to its lowest close since March 9 as inflation fears and Fed vigilance weigh. Dow falls about 111 points midday and 199 points on Monday, while S P 500 and Nasdaq slip amid global declines.
Malcolm Murray, a mechanical engineer retired from Exxon Chemical, has lived in Baytown for 31 years. The passage mixes quotes and garbled Shakespeare with a note about Murray’s long residency and occupation.
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