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AVERAGE SALES PRICE
HOUSTON AREA MARKET UPDATE
A MONTHLY SNAPSHOT OF HOUSTON’S REAL ESTATE MARKET FOR APRIL 2021
As expected, the HAR market update for the month of April 2021 has some huge increases due to comparing it to April 2020, which was the height of the shutdown. We will likely see a similar story in May. That does not change the fact that our housing inventory is at a record low of 1.4 months (the national average is at 2.1 months) and our average single-family home prices are at a record high. We continue to see a lot of competition and multiple offers.