Volume of single-family home sales is the highest since last summer as the market achieved its 11th straight month of growth
HOUSTON — (May 15, 2012) — The Houston housing market experienced continued growth in April as home buyers helped support an 11th consecutive month of positive sales. The volume of single-family home sales was the greatest for a single month since last August, and average and median pricing achieved the highest levels for an April in Houston.
According to the latest monthly data prepared by the Houston Association of REALTORS® (HAR), April sales of single-family homes climbed 9.6 percent versus one year earlier. That marks the second biggest monthly increase of 2012.
"The Houston real estate market continues to benefit from a healthy economic climate led primarily by the addition of 96,000 new jobs locally in the past 12 months, according to the Texas Workforce Commission," said Wayne A. Stroman, HAR chairman and CEO of Stroman Realty. "Increases in pending home sales along with declines in active listings continue to keep our housing inventory at the lowest levels we've seen in more than three years."
Houston Real Estate Milestones in April
-Volume of single-family home sales rose 9.6 percent accounting for the 11th consecutive monthly increase
-At $223,328, the single-family home average price reached the highest level for an April in Houston
-At $160,120, the single-family home median price also hit the highest level for an April in Houston
-5.7 months inventory of single-family homes remains at the lowest level in three years and compares favorably to the national average of 6.4 months