Houston housing market April 2014
HOUSTON – The Houston Association of Realtors (HAR) has released its monthly housing market summary for April 2014.
April 2014 saw home sales in the $250,000 to $499,999 range increase by 7.7 percent, homes in the $150,000 to $249,999 range increase by 7 percent and homes in the $500,000 to $1 million plus range increase by 6 percent.
A low supply of homes finally constrained sales in the market with inventory at 2.6 months for the fifth consecutive month.
| April 2014 | April 2013 | Change | |
| Total sales | 7,857 | 7,806 | 0.7% |
| Total dollar volume | $1,996,240,808 | $1,872,367,656 | 6.6% |
| Total active listings | 28,114 | 32,498 | -13.5% |
| Total pending sales | 4,806 | 4,999 | -3.9% |
| Single-family sales | 6,438 | 6,419 | 0.3% |
| Avg. price single-family home | $270,505 | $252,725 | 7.0% |
| Median price single-family home | $195,000 | $185,000 | 5.4% |
| Single-family inventory* | 2.6 | 3.4 | -21.9% |
* The number of months 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.
Source: Houston Association of Realtors
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