Multiple Listing Service of the Houston Association of REALTORS® includes residential properties and new homes listed by 50,000 REALTORS®
MLS Report for April 2010 | ||||||||||||||||||||||||||||||||||||
HOMEBUYER TAX CREDIT PUSHES HOUSTON SINGLE-FAMILY HOME SALES |
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Prices appreciate further with strong sales volume reported in all pricing segments |
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HOUSTON (May 18, 2010) Sales of single-family homes across the greater Houston area rose for a second straight month in April, apparently buoyed by transactions incentivized by the federal governments homebuyer tax credit that expired on April 30. Prices of single-family homes also maintained their months-long appreciation. |
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* Months inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months sales activity. This figure is representative of the single-family homes market. | ||||||||||||||||||||||||||||||||||||
Single-Family Homes Update Heightened sales activity in the higher end of the housing market drove pricing up again in April. At $153,500, the median sales price for single-family homes rose for the 12th consecutive month, up 2.4 percent from April 2009. The national single-family median price reported by NAR is $170,700, illustrating the continued higher value and lower cost of living that consumers enjoy in the Houston market. The average price of single-family homes in April was $206,414, an increase of 6.8 percent from one year earlier. That represents the seventh straight monthly jump in the average price. Both median and average pricing reached the highest levels ever recorded for an April in Houston. HAR also breaks out the sales performance of existing single-family homes throughout the Houston market. In April 2010, existing home sales totaled 4,526, a 30.0 percent increase from April 2009. The median sales price rose 4.3 percent to $145,000 compared to last year. The average sales price of $192,930 increased 8.9 percent from its April 2009 level. Lease Property Update Single-family home sales rose 26.7 percent; Total property sales increased 26.7 percent; The average price of a single-family home appreciated for a seventh straight month by 6.8 percent to $206,414the highest pricing level for an April in Houston; The median price of a single-family home rose for the 12th consecutive month, by 2.4 percent, to $153,500 the highest dollar figure for an April in Houston; 6.5 months inventory of single-family homes compares favorably to the national average of 8.0 months; Townhouse/condominium sales increased 25.7 percent; Total dollar volume climbed 34.8 percent, reaching $1.2 billion. |
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The computerized Multiple Listing Service of the Houston Association of Realtors® includes residential properties and new homes listed by 25,000 Realtors® throughout Harris, Fort Bend and Montgomery counties, as well as parts of Brazoria, Galveston, Waller and Wharton counties. Residential home sales statistics as well as listing information for more than 50,000 properties may be found on the Internet at https://www.har.com. |