HAR Report: “The spring homebuying season seems to be blossoming later than usual this year,” said HAR Chair Thomas Mouton with Century 21 Exclusive Properties. “While elevated interest rates continue to be a factor, the rebound in April home sales shows buyers are adapting to the new market realities, and sellers are finding opportunities as inventory levels rise.”
The average price of a single-family home throughout Greater Houston rose 4.6 percent to $437,198, which is the second highest price behind May 2022 when it reached a record $438,350. The median price increased 3.0 percent to $340,000.