Real Estate Market News for May 2022

Leslie Lerner Properties

Real Estate Market News for May 2022

Housing Stats • Property Tax Deadline • Who's Who 2022 • Memorial Day Tax Holiday

Low Inventory and High Prices Define Houston Housing Market

Frustration abounds in the Houston area. Buyers are weary of multiple offer situations, escalating sales prices and mortgage rates. Housing inventory in the area is at 1.4 months. There is a 2.0-months supply nationwide.

Homes priced according to location and condition, are usually only on the market a short time. Currently, the Houston area homes average 33 days on the market.

Homebuyers who have opted to rent drove single-family home leases up 17.2 percent. Townhome and condominium leases fell 3 percent.

>>>Learn more about the Houston Housing Market, Houston Agent Who’s Who 2022 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.