Houston Housing Stats April, 2022

[Sharon Tzib]

https://www.har.com/content/newsroom/

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  Houston Real Estate Highlights in April:
  
  -Single-family home sales were statistically flat (down 0.2 percent) year-over-year;
• -Days on Market (DOM) for single-family homes dropped from 40 to 33;
• -The ‘Close to Original List Price Ratio’ for single-family homes reached 100.6 percent — the highest ever — as a majority of buyers paid above list price for homes on the market;
• -Total property sales were statistically flat (up 0.2 percent) with 11,384 units sold;
• -Total dollar volume increased 14.5 percent to $4.5 billion;
• -The single-family average price rose 14.9 percent to $426,061, the highest of all time, and only the second time that pricing has exceeded $400,000;
• -The single-family median price increased 16.6 percent to $343,990 – also a record;
• -Single-family home months of inventory registered a 1.4-months supply, up from 1.3 months a year earlier;
• -Townhome/condominium sales rose 3.4 percent with the average price up 11.6 percent to $273,575 and the median price up 17.5 percent to $234,950. Both are record-setting highs;
• -Single-family home rentals rose 17.2 percent with the average rent up 10.2 percent to $2,164;
• -Townhome/condominium leases fell 3.0 percent with the average rent up 8.4 percent to $1,831.