Single-Family Homes Update(HAR report)
Single-family home sales tumbled 19.1 percent in April with 6,199 units sold throughout greater Houston compared to 7,666 a year earlier. That ended nine consecutive months of positive sales that had the 2020 real estate market outpacing 2019’s record volume. However, positive sales momentum during the first quarter of the year kept year-to-date sales 1.4 percent ahead of 2019’s record volume in April. The median price reached the highest level ever for an April, increasing 2.4 percent to $251,000. The average price was statistically unchanged at $310,331.