Practically every single one of the 183 metro areas tracked by the NAR saw significant year-over-year increases in the price of homes during the first quarter, with the median sales price of a single-family home in Houston jumping to 14.9% on a year-over-year basis to $281,800.

The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.

Listing keywords associated with families and children, like community pools, nearby parks and cul-de-sacs, led to both faster-than-expected sales and higher premiums.

The Houston Association of Realtors’ FRESH report briefly covers new listings, active listings and average list price for single-family homes activity in April 2021 compared to April 2020.

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

Home closings saw their most considerable one-week year-over-year increase and there was also a significant rise in the number of new listings, pending listings and showings.

As housing demands hold steady and home prices rise, the number of new listings, pending listings, closings and showings were up compared to this time last year.

As they come of peak age for first-time homeownership, millennials are gaining an increasing share of today’s housing market.

The median sales price of homes across 53 metro areas rose to record highs in March, topping $300,000. In Houston, the median sales price rose 4.7% between February and March to $288,000.

Privately-owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development

Who had the 10 most expensive deals in the Houston area in March?

The data are skewed because it was at this time last year that the coronavirus pandemic forced the real estate business to go into lockdown until it was deemed an essential service.

Houston wasn’t the only Texas city to make the list. The Lone Star State has five of them on the list, including No. 1 ranked Midland. 

“More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day,” National Association of Realtors chief economist Lawrence Yun said in a release.

For the ninth month in a row, Redfin is reporting more than half the homes offered by their agents are facing competition at 56%.