Houston real estate continues to be a hot investment. The Houston Association of Realtors said the Houston housing market in April:
- Reached the all-time highest average sales price for single-family homes.
- Marked the all-time highest median sales price for single-family homes.
- Marked the highest dollar volume of sales in the month of April.
- Recorded the highest number of single-family homes sold in the month of April
This trend will most likely continue throughout the summer, which is the hottest real estate buying season. San Antonio, Austin, and Dallas are also seeing sales surge. I've been talking to beginning investors who can occupy properties to warn them that the houses will most likely not get less expensive for the next 3-5 years. If they'd like to purchase a property, they should do so as soon as possible. Of course, always avoid paying too much by doing a market analysis before placing an offer.
Read the HoustonRealNews article.
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