April Market Update

According to har.com, April sales of single-family homes in the Houston area were down 14.2% from April 2010. 

April sales of homes priced below $80,000 climbed 27.6%.

Home sales in the $80,000-$150,000 range dropped 21.8%.

Sales between $150,000 and $250,000 declined 23.3%.

Sales ranging from $250,000 and $500,000 slid 13.1%.

Sales that make up the luxury market  - priced between $500,000 and up - were down 3%. 

Demand for single-family home rentals continued to soar in April, rising 27.9% compared to one year earlier. 

Year-over-year townhouse/condominium rentals increased 27.1%

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