Greater Houston November REAL ESTATE market Update

Greater Houston REAL ESTATE market update for November 2021 for single-family home sales fell for the second time in 2021, down to 5.2%, with Only 8,703 units sold versus 9,183 units sold in October of 2020. Deal days on market for single-family homes rolled back from 48 days on the market to 32, where the total property sales fell 3.1%, with 10,756 units sold. However, the total dollar volume rose by 9.9% to 3.8 billion dollars. The single-family average price increased from 13.1% to 377,000, giving you 39 dollars more equity, and the median price for single-family homes rose by 14.7% to 305,000 dollars. Single-family homes months of inventory registered a 1.8 month supply down from 2.3 months year over year from last October and below.

On a year-to-date basis, single-family home sales are running12.9% ahead of 2020’s record pace.

Townhome and condo sales rose 7.6%, with an average price of 12.6%