December 17, 2021 at 4:05pm | Just Ask Matt

HAR Houston Housing Market October 2021

Excerpt HAR.com newsroom.
Despite the second sales decline of the year, 2021 is still tracking at record levels

Houston Real Estate Market News October Highlights

  • Single-family home sales were down 5.2 percent: 8,703 units sold versus 9,183 in October 2020; 
  • Days on Market of single-family homes took a step backward - 48 to 32; 
  • Property sales fell 3.1 percent with 10,756 units sold; 
  • However, dollar volume rose 9.9 percent to $3.8 billion; 
  • Single-family home average price increased to $377,631 (13.1 percent); 
  • Inventory for single-family homes months registered a 1.8-months supply, below the national inventory of 2.4 months; 
  • Single-family homes sales, on year-to-date, are running 12.9 percent ahead of 2020’s record pace and ahead of 2019 - 21.6 percent .
  • Townhome/condominium sales rose 7.6 percent;
  • Home rentals, single family, decreased 3.4 percent, and the average rent rose 9.7 percent to $2,092; 
  • Townhome/condominium average rent rose 7.3 percent to $1,712; and leases fell 1.3 percent.
Stay on top of the latest Houston real estate news from the Houston Association of REALTORS® at HAR Newsroom

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