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Q: How Is Our Market Right Now?

Here’s the data that shows how our market performed in April and May.

As we enter June, here’s what’s going on in our real estate market as we begin to reopen. In Katy, resale home sales in April were down 22% from April 2019, which was to be expected given the global pandemic situation. However, the average sale price still went up about 2%. In May, sales were down 33% from last year, but much of that is due to our extremely low inventory and because homes are selling faster. To learn more about what’s going on right now, watch this short video.