The Houston area MLS statistics for 2019 (through April) were currently released. The good news is that our local market is strong, and home sales are up 2.2% from a year ago. Several factors contribute to our strong housing market: Lower interest rates, improving oil prices, steady economic growth, and an increase in the local housing supply. Single family home prices have reached record highs with an average price of $310,676. Houston’s luxury home market (homes priced over $750K) is experiencing the greatest volume of sales, followed closely by homes in the $150K – $250K range.
As these statistics reflect sales throughout the entire Houston area, our local market is experiencing the same strength and growth. Friendswood and surrounding communities continue to flourish and grow. With new families moving in during the summer months, now would be a great time to list your home if you are looking to sell. Take advantage of our strong economy!