July 2021 – Fort Bend County Real Estate Market Report

Fort Bend County Real Estate Market Report. Greater Houston REAL ESTATE market update continues its 13th-month consecutive sales increase for its Single-Family deals. Single-Family prices reached a record-breaking high of 23.7% to $395,000. The single-Family median price increased 20% to $314,500, which is also a record-high. Singe-Family homes month of Inventory went down to one and a half month supply from three months supply, year-over-year. On a year-to-date basis, Single-Family homes are running 26% ahead of 2020, setting a record pace. Single-Family home rentals fell by 24.1% with the average rent price up by 10.5% right over $2,100. Townhome and condominium leases are steady at a 4% increase for a record high of $1,800. While Days on Market Figure fell from 57 days to 29 days. The total dollar volume increased to 43.8% to $4.8 billion dollars was historic. Total property sales rose 16.9% with the highest volume in history selling a total of 13,090 units. Prices of lumber for any wood-related projects peaked on May 7th measuring per thousand board feet and prices are playing at about $1,670 in early May on its peak. As of July 14th, prices are down to $650 per thousand board feet of lumber, so residents may now start building those long-awaited fences, tables, and other wood furniture to enhance the beauty of their homes.