What Has Changed in The Houston Real Estate Market? 📈🏡
April Market Update 
Active listings continue to see an increase as we are heading into the Summer months. Single-family homes sales rose 9.2% compared to April 2023.
Days on Market decreased from 56 days to 49 days. For sellers the homes are selling a little faster than previous months. The number of homes sold is up with 7,926 units sold, and the average sales price for single-family homes rose 4.6% to $437,198. 
Now, let's dive into inventory.
Months of inventory has risen from 2.6 to 3.7 this year compared to the same time last year. A lot more buyers are active in the market. We are back to a more natural cycle of real estate sales throughout the year."While elevated interest rates continue to be a factor, the rebound in April home sales shows buyers are adapting to the new market realities, and sellers are finding opportunities as inventory levels rise."
#RealEstate #MarketUpdate #HoustonHomes
Categories
