What to Know About Houston’s Current Real Estate Market Trends
Sep 24, 2021
The Houston real estate market is red-hot right now. We’re in what is typically called a “sellers market,” where multiple buyers are going after limited property listings. In this case, most home buyers will have to make a really unique and competitive offer to get the attention of the seller, but don’t be deterred; that’s what I’m here for. The team at 4809 Realty Group can help cinch a smooth sale, no matter if you’re a seller looking to upgrade or a first time home buyer wanting to take that leap.
Here are some tidbits about our current market, to better understand what’s going on in the world of Houston real estate. All of these numbers are based off of August 2021.
- The real estate market as a whole reached its 13th consecutive month of positive sales.
- The number of properties with pending sales increased by 2.4%.
- On a year-to-date basis, the total sales in dollars for the month increased 11.4% to $4.5 billion.
- Realtors sold 9,890 single family homes, which increased 8.5% from August of 2020.
- Homes are only staying on the market for an average of 26 days.
- The luxury real estate market experienced the most growth, with a 36.7% increase in sales.
- The inventory of homes has actually increased compared to earlier in the year. Now, it will take 1.9 months for the market, at current demand, to run out of inventory. The record lowest was 1.3 months, which was reported back in April of 2021. Comparatively, the national average is 2.5 months, so Houston is moving a bit faster than the rest of the country.
If you’re interested in selling your home and/or purchasing a new property in the greater Houston area, give
4809 Realty Group a call today.
The Houston housing market was on fire in 2021! We are still in what is known as a seller’s market, as there are more buyers looking for a home than there are properties for sale.
It's safe to say that the housing market in Houston is on fire. Housing prices are going up, and there seems to be an increase in people looking to buy. With the market being so competitive nowadays, any potential homeowner needs to be as prepared as possible before they even start their hunt. If you’re looking to buy a home in the new year, follow these steps to ensure you’re set up for success.
Buying a home can be stressful by itself, so when you’re in the middle of selling your house at the same time, it’s easy to feel overwhelmed. If you follow these steps, you’ll be able to streamline the entire buying and selling process and be able to breathe throughout the entire experience.
