April Monthly Market Comparison
The measurements were all in positive territory for the Houston real estate market in April. Single-family home sales, total property sales, total dollar volume and pricing were all up compared to April 2018. Month-end pending sales of single-family homes totaled 9,467, a 17.8 percent increase over last year. Total active listings, or the total number of available properties, jumped 13.8 percent to 42,086.
Single-family homes inventory expanded to a 4.0-months supply in April. That is up from 3.5 months a year earlier and marks the greatest supply of homes since September 2018. For perspective, housing inventory across the U.S. is currently at a 3.9-months supply, according to the latest report from the National Association of Realtors (NAR).