What Has Changed in The Houston Real Estate Market? ๐๐ก

ย April Market Updateย 

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.ย

ย 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.ย 

Now, let's dive into inventory.ย

ย 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 aย factor,ย the rebound in April home sales shows buyers are adapting to the new market realities, and sellers are finding opportunities as inventory levels rise."ย


#RealEstateย #MarketUpdateย #HoustonHomes
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