Real Estate Market News for April 2021

Leslie Lerner Properties

Real Estate Market News for April 2021

Housing Stats • Leslie Lerner Appointed to TREC • Horticulture Freeze Recovery

Spring Has Sprung in the Houston Area

Despite low inventory, sales in all price ranges came to life in March. Homes priced from $250,000 – $500,000 had the highest gains on a month-to-month basis. Sales of homes priced over $500,000 were better than they have been in over four years. 

According to the latest Houston Association of Realtors (HAR) Market Update, single-family homes sales jumped 24.4 percent in March compared to a year earlier. On a year-to-date basis, homes sales are running 16.9 percent ahead of 2020’s record pace.

Last March, days on market was 65. This year we are at 45 days. Inventory is at a record low 1.4-months supply compared to 3.4 months a year earlier. The current national inventory level is 2.0 months.

On another note, homeowners should be receiving their 2021 tax appraisals. Please feel free to call us anytime to discuss your appraisal, buying, selling or just to say hello.  We love to hear from you!

>>>Learn more about the Houston area housing market, Leslie Lerner’s TREC appointment and freeze recovery.

About the author

Leslie Lerner Properties understands that buyers and sellers are tired of having to account for high commission rates when budgeting for their home sale and/or purchase. That is why we have put our clients first by implementing flat fee listings and rebated real estate commissions. Our innovative approach to real estate commissions maximizes your return on investment. Why reduce the equity in your home with high commission rates? Leslie Lerner Properties is The Home of Flat-Fee Listings and Rebated Commissions.