August 20, 2021 at 11:49am | Just Ask Matt

HAR Houston Housing Market July 2021

Excerpt newsroom.

Houston Real Estate Housing Market News Highlights July

  • 6.1 percent decline ended the Single-family home sales 13-month positive run: 10,159 homes sold July 2021 versus 10,822 in July 2020.
  • Days on Market (DOM) for single-family homes decreased to 26 from 56;
  • Total property unit sales of 12,383 decline of 3.7 percent;
  • Total dollar volume$4.5 billion an increase of 11.4 percent;
  • Single-family average price increased 15.3 percent to $389,197; the second highest level of all time;
  • Single-family median price was the second highest median price of all time, rising 13.9 percent to $309,910;
  • Single-family homes months of inventory in Houston registered a 1.8-months supply, which is below the current national average of 2.6 months and down from 2.9 months year-over-year;
  • Year-to-date basis, however, single-family homes sales are 19.1 percent ahead of 2020’s.
  • Townhome/condominium sales jumped 23.9 percent with an average price of $245,160 and the median price up 8.7 percent at $200,000;
  • Single-family home rentals fell 20.1 percent and the average rent is up 11.4 percent to a record high of $2,162;
  • Townhome/condominium leases also dropped 10.8 percent with an average rent of $1,756 up 5.8 percent.
Overall, the Houston housing market was up 13.9 percent. On a year-to-date basis, local home sales currently exceed 2020’s record pace by 19.1 percent.

Homes priced from $750,000 and above continue to lead the way in sales volume with a 36.7 percent year-over-year (YoY) increase.

Read the full report for the latest Houston Market Performance at HAR Newsroom.



You message has been sent!

Send us a Message

You agree to receive automated promotional messages from The Matthew Guzman Team regarding real estate information and education.Click here for terms and privacy policy. Message frequency varies. To opt out of receiving messages from me, text STOP to cancel. Reply HELP for help. Message and data rates may apply.