April, 2010-Houston Real Estate Market is Hot!

Single-family home sales rose 26.7 percent;

Total property sales increased 26.7 percent;

The average price of a single-family home appreciated for a seventh straight month by 6.8 percent to $206,414—the highest pricing level for an April in Houston;

The median price of a single-family home rose for the 12th consecutive month, by 2.4 percent, to $153,500— the highest dollar figure for an April in Houston;

6.5 months inventory of single-family homes compares favorably to the national average of 8.0 months;

Townhouse/condominium sales increased 25.7 percent;

Total dollar volume climbed 34.8 percent, reaching $1.2 billion

Sales of all property types in Houston for April totaled 6,200, up 26.7 percent compared to April 2009. Total dollar volume for properties sold during the month was $1.2 billion versus $915 million one year earlier, representing a 34.8 percent increase.

To read the HAR Market report click here