Clear Lake Area Home Sales Show a 73.4% Increase in Price
The Clear Lake Area housing market is showing an impressive increase in home sales prices over the past three years. At the end of May 2020, the average price of single-family home sales was $252,500.00 and by the end of May 2023, they were $343,996.00, representing a 73.4% increase overall.
So far this year has been particularly active for single-family homes in the area. In January 33 homes sold with an average sales price of $345,000.00, while February saw 62 homes sell with an average sales price of $322,500.00. March saw 71 homes sell with an average price of $355,000.00 and April 81 sales had an average of $340,000.00. May saw 108 sales at an average of $343,996.00 and June 85 current sales have an average of $360,000.00 with numbers continuing to come in daily from real estate agents around the area.
“This is a great time to be selling or buying a home in the Clear Lake Area,” said local real estate agent John Smith “The market is very active right now and we are seeing prices going up.”
With interest rates still at historic lows and more people looking to move out into suburban areas during these uncertain times, it is no surprise that the market is so hot right now according to local experts who are seeing multiple offers on nearly every listing they put up for sale in this highly desirable area near Houston Texas which continues to draw new residents from all over the state and beyond due to its attractive location near many popular attractions such as NASA Johnson Space Center and Kemah Boardwalk among others
What to do if you’re in the market
If you’re looking to buy or sell a home in Clear Lake Area now might just be your chance! With prices increasing each month it’s important not to wait too long if you’re looking for a great deal on your dream home or want to get top dollar when selling your current property before prices continue to rise even higher in this vibrant market!
- Stay up-to-date with real estate trends and market prices
- Receive independent advice from an experienced real estate broker
- Gain access to reliable insights tailored to each individual’s situation
- Leverage Alex Stroud’s expertise in the market so you can make well-informed decisions