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.
“Consumers have been taking advantage of optimal conditions for homebuying, with low interest rates and a growing supply of properties, and that has powered Houston to a strong springtime performance,” said HAR Chair Shannon Cobb Evans with Heritage Texas Properties. “The rental market also remains healthy, and we’re relieved to see sales finally turning around among townhomes and condominiums.”