All Forum Posts by: Sharon Tzib

https://www.har.com/content/department/newsroom?pid=1869

Houston Real Estate Highlights in July:

• -Single-family home sales fell 17.1 year-over-year, their fourth and biggest decline of 2022 as the market continues on the path toward a more normalized, pre-pandemic pace;
• -Days on Market (DOM) for single-family homes was flat at 26;
• -The ‘Close to Original List Price Ratio’ for single-family homes fell below 100 percent for the first time since April 2022, meaning that most buyers did not pay above list price for homes on the market;
• -Total property sales were down 17.4 percent with 10,180 units sold;
• -Total dollar volume was off 9.0 percent at $4.1 billion;
• -The single-family average price rose 9.9 percent to $426,494;
• -The single-family median price increased 12.7 percent to $348,740;
• -Single-family home months of inventory registered a 2.5-months supply, up from 1.7 months a year earlier. That is the greatest inventory level since August of 2020;
• -Townhome/condominium sales experienced their second consecutive monthly decline, falling 21.5 percent, with the average price up 5.0 percent to $257,834 and the median price up 9.7 percent to $220,000.

https://www.har.com/content/ne...

Houston Real Estate Highlights in June:

• -Single-family home sales fell 8.6 year-over-year, their third and biggest decline of 2022 as the market begins a long-anticipated cooldown;
• -Days on Market (DOM) for single-family homes dropped from 30 to 28;
• -The ‘Close to Original List Price Ratio’ for single-family homes reached 100.1 percent, marking the third straight month that buyers paid above list price for homes on the market;
• -Total property sales were down 9.1 percent with 11,921 units sold;
• -Total dollar volume increased 1.6 percent to about $4.9 billion;
• -The single-family average price rose 11.0 percent to $436,425, the second highest of all time, and the fourth time that pricing has exceeded $400,000;
• -The single-family median price increased 13.2 percent to $355,000 – a record;
• -Single-family home months of inventory registered a 2.0-months supply, up from 1.4 months a year earlier. That is the greatest supply since November 2020;
• -Townhome/condominium sales experienced the first decline in nearly two years, falling 15.3 percent, with the average price up 4.7 percent to $259,557 and the median price up 2.7 percent to $220,000.

https://www.har.com/content/newsroom?pid=1859

Houston Real Estate Highlights in May:

• -Single-family home sales declined 0.9 percent year-over-year;
• -Days on Market (DOM) for single-family homes dropped from 35 to 29;
• -The ‘Close to Original List Price Ratio’ for single-family homes reached 100.9 percent — the highest ever as a majority of buyers paid above list price for homes on the market;
• -Total property sales were down 1.0 percent with 11,980 units sold;
• -Total dollar volume increased 12.0 percent to $4.9 billion;
• -The single-family average price rose 14.3 percent to $440,670, the highest of all time, and the third time that pricing has exceeded $400,000;
• -The single-family median price increased 16.0 percent to $351,000 – also a record;
• -Single-family home months of inventory registered a 1.6-months supply, up from 1.3 months a year earlier. That is the greatest supply since October 2021;
• -Townhome/condominium sales edged up 0.4 percent with the average price up 14.4 percent to $272,381 and the median price up 8.8 percent to $229,000.

https://www.har.com/content/newsroom/

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  Houston Real Estate Highlights in April:
  
  -Single-family home sales were statistically flat (down 0.2 percent) year-over-year;
• -Days on Market (DOM) for single-family homes dropped from 40 to 33;
• -The ‘Close to Original List Price Ratio’ for single-family homes reached 100.6 percent — the highest ever — as a majority of buyers paid above list price for homes on the market;
• -Total property sales were statistically flat (up 0.2 percent) with 11,384 units sold;
• -Total dollar volume increased 14.5 percent to $4.5 billion;
• -The single-family average price rose 14.9 percent to $426,061, the highest of all time, and only the second time that pricing has exceeded $400,000;
• -The single-family median price increased 16.6 percent to $343,990 – also a record;
• -Single-family home months of inventory registered a 1.4-months supply, up from 1.3 months a year earlier;
• -Townhome/condominium sales rose 3.4 percent with the average price up 11.6 percent to $273,575 and the median price up 17.5 percent to $234,950. Both are record-setting highs;
• -Single-family home rentals rose 17.2 percent with the average rent up 10.2 percent to $2,164;
• -Townhome/condominium leases fell 3.0 percent with the average rent up 8.4 percent to $1,831.

https://www.har.com/content/newsroom/

Houston Real Estate Highlights in March:

• -Single-family home sales increased 4.1 percent year-over-year;
• -Days on Market (DOM) for single-family homes dropped from 46 to 38;
• -Total property sales rose 4.3 percent with 12,149 units sold;
• -Total dollar volume increased 15.7 percent to $4.6 billion;
• -The single-family average price rose 11.4 percent to $410,923, the highest of all time, and the first time that pricing has topped $400,000;
• -The single-family median price increased 15.5 percent to $335,000 – also a record;
• -Single-family home months of inventory registered a 1.3-months supply, unchanged from one year earlier;
• -Townhome/condominium sales rose 8.7 percent with the average price up 5.8 percent to $255,334 and the median price up 10.4 percent to $215,000;
• -Single-family home rentals rose 18.3 percent with the average rent up 6.7 percent to $2,075;
• -Townhome/condominium leases were unchanged with the average rent up 7.6 percent to $1,852.

https://www.har.com/content/newsroom/

Houston Real Estate Highlights in February:

• -Single-family home sales rose 22.9 percent year-over-year, a figure likely skewed as a result of the freeze last year that interrupted real estate transactions for days on end. When compared to the last “normal” February, in 2020, sales volume increased 23.3 percent;
• -Days on Market (DOM) for single-family homes dropped from 48 to 41;
• -Total property sales rose 25.6 percent with 9,299 units sold;
• -Total dollar volume increased 43.5 percent to $3.5 billion;
• -The single-family average price rose 13.4 percent to $395,871, the highest of all time;
• -The single-family median price increased 19.3 percent to $328,000 – also a record;
• -Single-family home months of inventory registered a 1.3-months supply, down from 1.5 months year-over-year and below the national inventory of 1.6 months;
• -Townhome/condominium sales jumped 35.9 percent with the average price up 22.4 percent to $266,366 and the median price up 26.8 percent to $225,00 – both record highs;
• -Single-family home rentals rose 23.8 percent with the average rent up 6.5 percent to $2,052;
• -Townhome/condominium leases decreased 1.0 percent with the average rent up 7.9 percent to $1,767.

https://www.har.com/content/newsroom/

Houston Real Estate Highlights in January:

• -Single-family home sales staged a strong open to the new year with January volume up 7.1 percent year-over-year;
• -Days on Market (DOM) for single-family homes dropped from 48 to 39;
• -Total property sales rose 9.3 percent with 8,134 units sold;
• -Total dollar volume increased 28.1 percent to $2.9 billion;
• -The single-family average price rose 16.2 percent to $377,738, the highest ever for a January;
• -The single-family median price increased 17.9 percent to $310,000 – also a January record;
• -Single-family home months of inventory registered a 1.4-months supply, down from 1.7 months year-over-year and below the national inventory of 1.8 months;
• -Townhome/condominium sales rose 24.7 percent with the average price up 14.7 percent to $241,605 and the median price up 18.3 percent to $207,700;
• -Single-family home rentals rose 7.8 percent with the average rent up 9.7 percent to $2,070;
• -Townhome/condominium leases increased 2.6 percent with the average rent up 11.9 percent to $1,801.

https://www.har.com/content/ne...

Houston Real Estate Highlights for December and Full-Year 2021

• -Despite the ongoing coronavirus pandemic, 2021 proved to be a record year for Houston real estate with 106,229 single-family homes sold versus 96,271 in 2020, the last record-setting year. That represents an increase of 10.3 percent;
• -Total dollar volume for full-year 2021 rose 28.2 percent to a record-setting $40 billion;
• -December single-family home sales declined 4.5 percent year-over-year with 9,272 units sold;
• -Total December property sales fell 1.9 percent to 11,432 units;
• -Total dollar volume for December rose 12.4 percent to $4.3 billion;
• -At $319,000, the single-family home median price rose 17.2 percent to an all-time high;
• -The single-family home average price climbed 13.5 percent to the second highest in history, $392,449;
• -Single-family homes months of inventory narrowed to a 1.4-months supply;
• -Townhome/condominium sales ended a strong year with a 21.5 percent year-over-year jump in volume, the average price up 13.8 percent to $258,139 and the median price up 20.9 percent to $220,000;
• -Leases of single-family homes rose 5.9 percent with average rent up 7.5 percent to $2,042;
• -Leases of townhomes/condominiums fell 23.0 percent with average rent up 5.5 percent to $1,731.

https://www.har.com/content/newsroom/

Houston Real Estate Highlights in November

• -Single-family home sales rebounded from a slight decline in October, rising 3.9 percent with 8,320 units sold versus 8,010 in October 2020;
• -Days on Market (DOM) for single-family homes dropped from 46 to 35;
• -Total property sales rose 5.6 percent with 10,216 units sold;
• -Total dollar volume increased 20.6 percent to $3.7 billion;
• -The single-family average price rose 12.6 percent to $383,807;
• -The single-family median price increased 16.3 percent to $314,000 – an all-time high first reached in June of 2021;
• -Single-family home months of inventory registered a 1.6-months supply, down from 2.1 months year-over-year and below the national inventory of 2.4 months;
• -On a year-to-date basis, single-family homes sales are 12.0 percent ahead of 2020’s record pace and 22.2 percent ahead of 2019.
• -Townhome/condominium sales rose 16.8 percent with the average price up 16.0 percent to $258,970 and the median price up 10.5 percent to $210,000;
• -Single-family home rentals rose 7.1 percent with the average rent up 8.5 percent to $2,042;
• -Townhome/condominium leases increased 5.1 percent with the average rent up 3.8 percent to $1,737.

https://www.har.com/content/newsroom?pid=1803

Per HAR, "Along with the first notable cold front of the fall season, October delivered the inevitable to a hot Houston real estate market: cooling sales. Buyers weary of limited housing inventory apparently stepped back in October, which became the second month of 2021 to experience a decline in home sales. The first was July. 

Prices appreciated once again. The single-family home average price climbed 13.1 percent to $377,631 while the median price rose 14.7 percent to $305,000. Both are record prices for an October but are well below the all-time pricing highs set in June 2021."

Houston Real Estate Highlights in October:

• -Single-family home sales fell for the second time in 2021, down 5.2 percent with 8,703 units sold versus 9,183 in October 2020;
• -The Days on Market (DOM) figure for single-family homes rolled back from 48 to 32;
• -Total property sales fell 3.1 percent with 10,756 units sold;
• -Total dollar volume rose 9.9 percent to $3.8 billion;
• -The single-family average price increased 13.1 percent to $377,631;
• -The single-family median price rose 14.7 percent to $305,000;
• -Single-family homes months of inventory registered a 1.8-months supply, down from 2.3 months year-over-year and below the national inventory of 2.4 months;
• -On a year-to-date basis, single-family homes sales are running 12.9 percent ahead of 2020’s record pace and 21.6 percent ahead of 2019.
• -Townhome/condominium sales rose 7.6 percent with the average price up 12.6 percent to $247,846 and the median price up 23.0 percent to $219,000;
• -Single-family home rentals fell 3.4 percent with the average rent up 9.7 percent to $2,092;
• -Townhome/condominium leases fell 1.3 percent with the average rent up 7.3 percent to $1,712.