Houston Real Estate Market On The Rise

Houston Real Estate MarketConsumers kept the Houston real estate market humming in April, with single-family home sales and pricing experiencing another month of gains and housing inventory reaching the highest level since last August.  A total of 6,583 single-family homes sold in April versus 6,387 a year earlier, according to the latest monthly report produced by the Houston Association of Realtors (HAR). That represents a 3.1 percent increase.

HAR also breaks out the sales figures for existing single-family homes. Existing home sales totaled 5,507 in April, up 2.4 percent versus the same month last year. Townhome and condominium sales were also up in April, with 599 units selling versus 577 a year earlier. That represents an increase of 3.8 percent.

The Houston real estate market saw across-the-board gains in all measurements during the month of April, with single-family home sales, total property sales, total dollar volume, inventory and pricing all up compared to April 2016. Days on Market (DOM), or the number of days it took the average home to sell, declined slightly to 55 days versus 56 last year. That means homes are staying on the market for less than two months. That’s wonderful!

“The Houston real estate market had another strong showing in April among sales and rental properties alike, and as we had hoped, inventory levels got a healthy boost,” said HAR Chair Cindy Hamann with Heritage Texas Properties. “The latest Texas Workforce Commission employment update states that 13,300 jobs were created throughout greater Houston in March, the most since September 2015, so we remain optimistic about the local economy.”

Read the whole MLS press release and see the graph reports on the HAR website. If you’re looking to buy or sell a home in the Houston area, let the experts at See Tim Sell help. We have specialist in West Houston, Katy, Cypress and other surrounding areas. Our team can match you with the perfect home! If you’re wanting to sell, we can help with that too. Trust your home sale to Houston’s most experienced team and get top dollar for your home.

 

 

 

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