Houston-area property sales rise in March YoY despite fewer listings, increase in mortgage interest rates

Houston

2022/04/28

Property sales in the Houston area ↑ 4.3% YoY in March, according to the HAR. Despite a rise in interest rates and a ↓ 2.1% YoY in housing supply, there is no indication of a slowing housing market.Median prices for single-family homes ↑ 15.5% YoY to $335K.According to the HAR, the number of single-family homes on the market for between $150K-$250K ↓ 36.9% YoY. The avg number of days a home spends on the market ↓ 8 days YoY to 38 in March 2022, according to the HAR.