Home sales rebounded in April amid pre-pandemic inventory volumes, according to the latest Market Update from the Houston Association of REALTORS®.

Closings declined during the week ended April 29 in Houston as new listings maintained their stronghold over 2023 levels.

The average listing price for the Houston area increased to $448,541 last month, up from $431,684 in April 2023.

The area of Porter/New Caney West, located about 30 miles northeast of downtown Houston, saw the largest year-over-year increase in home sales in the first quarter.

“Realtors are working with buyers and hearing from lots of others who are considering buying,” said Jef Conn, chairman of Texas REALTORS®.

A majority of the most expensive new listings in Texas are located in the Dallas area.

Realtors entered 3,632 properties into the MLS during the week, a 25.6% increase over the same week in 2023.

Home sales declined 8.3% in Houston last month, with 7,163 closings — however, that was the third-highest sales volume in the country.

“The Texas spring homebuying season is underperforming as the new home sales recovery has been unimpressive,” said HomesUSA CEO Ben Caballero.

Available rental properties rose in March, providing a bountiful supply of single-family homes for Houston renters.

Realtors added 3,554 properties into the MLS during the week ended April 15, a 16.6% increase year over year.

A $20 million estate spanning over 17,000 square feet in the River Oaks area was the most expensive home sold in greater Houston last month.

Realtors entered 3,813 properties into the MLS during the week. That’s a 42.5% increase over the same week in 2023, when 2,676 properties were added.

Data from the association’s March 2024 Market Update shows that single-family home sales fell 7.5% year over year last month, with 7,334 closings.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

Over 70% of Texas homebuyers who used a real estate agent last year said they’d do so again in the future.