April Monthly Market Comparison
April marked the 13th straight month of negative sales as housing throughout the Houston market and across the U.S. suffers the lingering effects of economic uncertainty with mortgage interest rates still in flux. Year-over-year single-family home sales were down 18.4 percent, but when compared to April 2019, before the pandemic, sales were down just 4.7 percent, and stacked against April 2018, five years ago, sales were up 3.9 percent.
In addition to the drop in single-family home sales, total property sales and total dollar volume also fell short of last year’s levels. Single-family pending sales dropped 2.8 percent. Active listings, or the total number of available properties, was 56.2 percent ahead of their 2022 level.
Months of inventory continued to improve in April, growing to a 2.7-months supply. Housing inventory nationally stands at a 2.6-months supply, according to the latest report from the National Association of Realtors (NAR). A 4.0- to 6.0-months supply is commonly regarded as a “balanced market” in which neither the buyer nor the seller has an advantage.
Understanding these Houston real estate statistics is essential in making informed decisions in the real estate market. However, statistics can only tell part of the story, and every buyer's and seller's situation is unique. That's where the importance of a dedicated and knowledgeable Realtor like Jo Ann S Stevens comes in.
With over 40 years of experience, Jo Ann's in-depth understanding of the Houston real estate market goes beyond the numbers. She's equipped with the expertise and insights necessary to guide both buyers and sellers toward their goals effectively. Whether you're looking to buy your dream home or sell your current property, Jo Ann will provide personalized strategies and support tailored to your specific needs.
Contact Jo Ann S Stevens today and experience the difference between working with a REALTOR who prioritizes your needs and helps you navigate the market with confidence. Let Jo Ann's expertise be your advantage in your real estate journey.
Remember, when it comes to buying or selling in Houston, Jo Ann S Stevens is your trusted partner. Reach out today and let Jo Ann guide you home.
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