Houston Remains a Sellers Market!
Sales Adjust, but Robust Competition and Stable Prices Forge a Path to Prosperity!
Hey, guys! It’s Kelly Watkins and Britney Lee from The Bridge Group, and we’re thrilled to share our monthly market update for April with you! Despite a slight decrease in sales, the Houston real estate market remains vibrant and competitive.
Multiple offers on competitively priced listings are becoming a trend. Despite a slight increase in days on the market from 34 to 55, homes continue to sell in various price points!
Home sales have declined by 18.4% compared to last year, but the market remains in line with pre-pandemic numbers. Average single-family prices have experienced a modest decrease of just over 1%, but they still stand strong at $420,000
Houston remains a seller’s market with 2.7 months of inventory, up from 1.3 months last year. Sellers are encouraged to list their homes now to capitalize on the growing competition during the summer. ??
Don’t hesitate to reach out for any questions or guidance. We’re committed to helping you make the most of the Houston real estate market! ???
