Consumers here are some facts according to HAR Recent SALES!
That way, if thinking about selling hire " The RIGHT Realtor"
I would love an interview!!!
Single-family home sales achieve the biggest increase of 2019
HOUSTON — (May 8, 2019) — 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. Luxury homes (priced at $750,000 and above) drew the greatest volume of sales followed closely by homes in the $150,000 to $250,000 range. Housing inventory grew to its highest level since last September, keeping up with consumer demand midway through the spring buying season.
According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes increased 7.8 percent in April, with 7,586 homes sold compared to 7,035 in April 2018. That marks the third straight month of positive sales and the biggest volume gain of 2019. On a year-to-date basis, home sales are 2.2 percent ahead of last year’s record pace.
Single-family homes prices reached record highs for an April. The median price (the figure at which half of the homes sold for more and half sold for less) rose 2.1 percent to $245,000 and the average price was up 1.9 percent to $310,676 – the second highest average of all time.
April sales of all property types totaled 9,063, up 7.8 percent compared to the same month last year. Total dollar volume for the month jumped 9.6 percent to about $2.7 billion.
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