Houston Real Estate Market Report – April 2023
In April 2023, the Houston real estate market demonstrated stability and positive growth:
- Median Price: Increased to $332,998, reflecting a 2.4% growth from the previous month.
- Active Listings: Slightly increased to 19,548.
- Months Inventory: Rose to 2.6 months, indicating a balanced market.
- Days on Market: Decreased to 54 days, showing increased demand and faster sales.
- Days to Close: Remained steady at 34 days, indicating an efficient process.
- Median Price/Sq Ft: Increased to $162.22, indicating a willingness to pay more.
- Median Home Size and Year Built: Remained stable at 2,109 sq ft and 2006, respectively.
- Close/Original List Price: Improved to 95.8%, benefiting sellers.
Overall, the Houston market in April 2023 exhibited positive growth, stability, and strong buyer demand, making it an attractive market for both buyers and sellers.
If you are thinking about buying or selling in the Houston area, it is important to work with a qualified realtor who can help you navigate the current market conditions. Schedule a consultation here.
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The Texas Real Estate Research Center is a valuable resource for real estate professionals, investors, and anyone interested in learning more about the Texas real estate market.
https://www.recenter.tamu.edu/
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