HAR Houston home sales improve across the boardHAR Houston home sales improve across the boardhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=10002015-05-19T15:08:00Z2015-05-19T00:00:00Z

HOUSTON - The Houston housing market saw across-the-board gains in April, with single-family home sales, total property sales, total dollar volume and pricing all up compared to April 2014.

Housing inventory stood at 2.9 months. According to the National Association of Realtors, the U.S. current supply of homes is 4.6 months.

“The Houston real estate market is doing quite well despite low inventory levels and concerns about the effects of declining oil prices,” said HAR Chair Nancy Furst with Berkshire Hathaway HomeServices Anderson Properties.

Demand for single-family homes and townhouse/condominiums for lease was flat in April. The average rent for a single-family home rose 5.9 percent to $1,764 and the average rent for a townhouse/condominium increased 8.0 percent to $1,595.

Housing Market Summary: Apr. 2015 vs. Apr. 2014
  April 2015 April 2014 Chg.
Total sales 7,907    7,788 1.5%
Total dollar volume $2,096,329,216 $1,977,514,048 6.0%
Total active listings 29,486 28,114 4.9%
Total pending sales 6,717 4,806 39.8%
Single-family sales 6,502 6,380 1.9%
Single-family home avg. price $281,724 $270,167 4.3%
Single-family home median price $209,790 $196,000 7.0%
Single-family inventory* 2.9 2.6 9.6%
*The numbers of month it will take to deplete current active inventory based on the prior 12 months of sales activity. The market is considered evenly balanced between supply and demand when it has a six-month inventory.

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Greater Houston Partnership
Houston-The Woodlands-Sugar Land
http://www.houston.org/pdf/research/narratives/Multiple_Listing_Service/Multiple_Listing_Service_Activity.pdfRead more at {Source}

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