April sales of single-family homes across the Houston market climbed 26.7 percent compared to April 2009. Sales volume soared in all single-family home pricing segments except the under-$80,000 market, which was flat. The largest increase took place among homes priced from $500,000 and above. Sales of all property types combined rose 26.7 percent in April on a year-over-year basis.

The average price of a single-family home appreciated for the seventh straight month, reaching $206,414, up 6.8 percent versus April 2009. That represents the highest pricing level for an April in Houston. At $153,500, the April single-family home median price—the figure at which half of the homes sold for more and half sold for less—rose 2.4 percent from one year earlier. That represents the 12th consecutive monthly increase in median price and is the highest dollar figure for an April in Houston.

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Foreclosure property sales reported in the Multiple Listing Service (MLS) increased 3.9 percent in April compared to one year earlier. The median price of April foreclosure sales rose 8.4 percent to $90,000 on a year-over-year basis.

Sales of all property types in Houston for April totaled 6,200, up 26.7 percent compared to April 2009. Total dollar volume for properties sold during the month was $1.2 billion versus $915 million one year earlier, representing a 34.8 percent increase.

"The Houston real estate market seems to have truly benefited from homebuyers who acted by April 30 to take advantage of the tax credit as well as low mortgage interest rates," said Margie Dorrance, HAR chairwoman. "Seasonality also served our market well, as the spring and summer months are traditionally when most real estate transactions take place."

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