Houston-area single-family home sales see increase year over year in March

Single-family home sales in the Greater Houston area increased by 2.6% year over year in March, with pending sales rising 12.7%. The inventory reached 32,866 homes, the highest since June 2011. Median home prices grew by 1.5% to $335,000. Sales trends varied by price range, with homes priced under $100,000 decreasing by 14%, while those over $1 million saw a 26.9% increase. Lower mortgage rates are fostering optimism among buyers, despite ongoing economic challenges.

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