Houston March Sales Still Holding Steady

According to the Houston Association of Realtor March market report, sale volume for Single Family Homes was still positive (particularly in the $150-$500K range) despite the strain on jobs in the oil field.  Average sale price dropped just slightly at 1.6% to $273K while median sale price increased 2.4% (a record high for March) to $215.  Thankfully for homebuyers, inventory (homes for sale) grew from 2.8%  to 3.6%. Rental demand remained strong due to an influx of new residents to our area.  April's statistics are almost identical to March.

In the primary market I serve from Spring, Cypress, Copperfield area to Katy, buyer demand is still strong in the $150-$200 range. Homes are still being snatched up in this price range with multiple offers and short days on market.  Despite it being a strong seller's market, homes still need to be in mint condition, staged nicely and priced right in order to sell.