Real Estate Market News for May 2018

Leslie Lerner Properties

May News You Can Use

Housing Stats • Property Tax Deadline • Memorial Day Sales Tax Holiday

Houston Home Sales Blossomed in April

Houston home sales continued to rise in April, but homes priced less than $150,000 declined on a month-to-month and yearly basis. The largest monthly gains were seen in the $250,000 – $500,000 range. Inventory of single-family homes increased to a 3.6-months supply, the highest it has been in 2018. The average days on the market shrank to 56 days. Days on the market is closely tied to pricing the home correctly when initially listed. Homes that are overpriced, and do not correlate with location and condition, tend to sit on the market longer.

>>>Read more about the Houston real estate market, Harris County property tax deadline and the Memorial Day Sales Tax Holiday.

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.