Soaring home prices and evaporating inventory did not stop the greater Houston real estate market from scoring double-digit gains in February 2022! According to the Houston Association of Realtors (HAR) most recent market update, homes in the greater Houston area reached an all-time high as the average price spiked 13.4% to $395,871, while the median price increased 19.3% to $328,000. Sales of all property types jumped up 43.5% for a total dollar volume of $3.5 billion!
Homes priced between $250,000 and $500,000 led the way in sales for the month, with a jaw-dropping 80.1% year-over-year gain. The $500,000 to $1 million housing segment came in second place, surging 72.3%. That was followed by the luxury market – consisting of homes priced at $1 million and above – which rose by a staggering 33.5%.
If you’re on the fence about selling, NOW IS THE TIME! Are you curious what your home is worth in this record-setting market?! CLICK HERE to request a complimentary home evaluation or reach out directly to email@example.com or 832.594.1265.