The Numbers Are In!

Lower mortgage interest rates, improving oil prices, steady economic growth and a more plentiful supply of housing translated to a strong month for home sales throughout greater Houston in April.

Single Family Home Sales on the Rise

The rise in sales marks the third consecutive month of positive sales and the biggest volume increase of 2019 (per Houston Association of Realtors). Single-family home sales are 2.2 percent ahead of 2018's record pace. The median sales price rose by 2.1 percent achieving and April high. The average home price went up by 1.9 percent to $310,676, the second highest average of all time.

Rise In Total Sales

Rise in Median Price

Rise in Average Sales Price

Townhome/Condominium

Townhome/condominium sales ended seven months of declines with a flat sales volume of 595 units. The average price went down 8.4 percent to $203,751 and the median price is down 9 percent to $163,000. 

Decline in Average Sales Price

Drop in Median Sale Price

Rentals

Volume of townhome/sondominium leases declined 4.4 percent with the average rent up less than one percent at $1,586. Meanwhile, single family home rentals surged 12.7 percent with average rent up less than one percent at $,1795. 

Decrease in Volume of Townhome/Condo Leases

Increase in volume of Single Family Home Rentals

Total Sales ⬆️⬆️⬆️

Total property sales increased 7.8 percent while total dollar volume jumped up to 9.6 percent. 

Rise in Total Property Sales

Rise in Total Dollar Volume

All stats provided are sourced directly from the Houston Association of Realtors.

The Market is HOT!! 🔥

So how does that reflect on the value of your home? Find out what your property would sell for today!

The Numbers Are in But Don't Let Those Confuse You! 

Find out how we can sell your home for top dollar in simple terms.

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