May News You Can Use
Housing Stats • Property Tax Deadline • Memorial Day Sales Tax Holiday
HOUSTON HOME SALES CONTINUED TO IMPROVE IN APRIL
Houston home sales continued to improve 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 4.0-months supply. That is up from 3.5 months last year and is the largest supply of homes since September 2018. The average days on the market dropped to 57 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.
