(HAR Report): Days on Market, or the actual time it took to sell a home, dropped from 40 to 33 days. Inventory registered a 1.4-months supply compared to 1.3 months a year earlier. That is only slightly above Houston’s lowest inventory level of all time – 1.2 months, which was recorded in February and March 2022. The current national inventory stands at 2.0 months, as reported by NAR.
Broken out by housing segment, April sales performed as follows:
$1 - $99,999: decreased 6.8 percent
$100,000 - $149,999: decreased 15.5 percent
$150,000 - $249,999: decreased 44.7 percent
$250,000 - $499,999: increased 13.5 percent
$500,000 - $999,999: increased 45.0 percent
$1M and above: increased 24.9 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 7,296 in April. That was up 0.8 percent from the same month last year. The average sales price rose 15.3 percent to a record high $429,620 while the median sales price climbed 15.8 percent to $337,500, also an historic high.