Houston Housing Stats April, 2021

[Sharon Tzib]

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

Houston Real Estate Highlights in April:

• -Single-family home sales increased for the eleventh consecutive month, up a dramatic 47.4 percent year-over-year with 9,105 units sold (it must be noted that some figures contained in this latest housing report are distorted because they compare to the same month last year when real estate was just beginning its recovery from coronavirus-related lockdown orders that halted most of the business.);
  
• -The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;
• -Total property sales rose 58.3 percent with 11,348 units sold;
• -Total dollar volume increased 85.9 percent to about $4.0 billion;
• -The single-family average price reached a record high, rising 20.0 percent to $371,854;
• -The single-family median price climbed 17.6 percent to $295,000 – also a record high;
• -Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;
• -On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.
• -Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;
• -Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960;
• -Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.