HAR report shows surges in home prices and new listings

The Houston Association of Realtors (HAR) released its First Real Estate Snapshot of Houston (FRESH) yesterday. This first-day-of-the-month report sums up the local Houston real estate market between monthly Multiple Listing Service (MLS) reports.

The snapshot briefly covers new listings, active listings and average list price for single-family homes activity in April 2021 compared to April 2020.

The average list price for single-family homes was up 17.7% from $320,503 to $377,354. This is slightly lower than the record high of $379,106, which was reached in March.

New listings were up 28% from 9,724 to 12,444. This spike is largely due to the significant reduction of new listings entering the market because of COVID restrictions imposed one year earlier.

Active listings were down 57.2% from 25,457 to 10,908, as housing inventory remained constrained.

The full report of HAR’s market update for April 2021 is expected later this month.

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