Houston Real Estate Highlights in April
- Single-family home sales jumped 6.9 percent year-over-year, with 7,070 units sold;
- Days on Market (DOM) for single-family homes increased slightly from 55 to 56 days;
- Total property sales rose 5.1 percent with 8,453 units sold;
- Total dollar volume increased 10.5 percent to $2.4 billion;
- The single-family home median price rose 5.3 percent to $240,000, which represents an all-time high;
- The single-family home average price climbed 5.2 percent to a record high of $305,092;
- Single-family homes months of inventory shrank year-over-year from a 3.8-months supply to 3.6 months, the highest level since last November and the same as the national inventory level;
- Townhome/condominium sales increased 0.5 percent, with the average price up 5.9 percent to $220,704 and the median price up 2.8 percent to $176,730;
- Leases of single-family homes rose 2.0 percent with the average rent up 3.6 percent to $1,778;
- Volume of townhome/condominium leases jumped 8.6 percent with average rent up 1.1 percent to $1,576.