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(April 13, 2022) Undaunted by rising mortgage interest rates and a record low supply of homes across Greater Houston, consumers kept the local real estate market in positive territory in March. While new listings are entering the market each week, buyer demand has consistently outpaced that supply, and multiple offers on homes continues to push pricing into record territory, solidly positioning Houston as a sellers' market.
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In March, residential home sales declined 5.9% year over year to 3,302 closed sales as the median price rose 22.6% to a new all-time record of $521,100. Sales dollar volume grew by 10.3% to $2,130,213,961 as new listings dipped 1.2% to 4,150. Active listings jumped 46.1% to 1,731 listings, causing housing inventory to increase 0.2 months to 0.5 months of inventory. Pending sales fell 11.1% to 3,597 listings and listings spent an average of 21 days on the market, six fewer days than March 2021.
We just sold a home in Belton about two weeks ago, and I'd say the market is very hot--we got our client very good terms. We'd love to help you sell yours when the time is right! Contact info is in my profile.The Grinder (99) said:
I'm about to seek in West Temple Belton area. Am probably a 2-3 months from listing depending on when our build will be done.
How does that area look?
I believe t is still very strong but nice to see data
El Hombre Mas Guapo said:
Tienes para San Antonio?
You got it! Sorry man, I meant to post them the day I did the others, and just kept getting pulled away.RushHour said:
I'd enjoy the Tyler Area stats, if possible! Appreciate these monthly posts you make.
