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HOUSTON HOME SALES THRIVE IN MARCH
The Houston real estate market showed gains in single-family homes sales, pricing and inventory during the month of March. Month-to-Month, the strongest sales activity was among homes priced in the $250,000 – $499,999 range, with the $150,000 – $249,999 range being a close second. Year-over-year, the luxury market ($750,000 and above) followed the homes priced in the $250,000 – $499,999 range.
Single-family homes inventory increased from 3.5-months supply in February to 3.8 months in March. Across the U.S., inventory is at a 3.8-months supply. The average days on the market fell slightly to 60 days.