Single-Family Homes Update(HAR Report):
Single-family home sales were statistically flat in April with 9,079 units sold across the Greater Houston area compared to 9,100 a year earlier. Strong sales volume among higher-end homes pushed pricing to historic highs. The median price climbed 16.6 percent to $343,990 while the average price rose 14.9 percent to $426,061. These prices are not only new record highs, but the average price represents only the second time in history that single-family pricing exceeded $400,000. The first time was a month earlier, in March 2022