Current Market Data

Pending home sales hit record high in January
Pending home sales hit record high in January

The all-time high for January comes as limited supply cut pending transactions on a monthly basis, the association said.

Median home sales price nears record-high
Median home sales price nears record-high

The median sales price in the first month of 2021 was up 11.8% from January 2020 to $285,000, nearly matching the record high of $290,000 set last August.

Nearly a third of Houston homes face bidding wars
Nearly a third of Houston homes face bidding wars

For the ninth month in a row, Redfin is reporting more than half the homes offered by their agents are facing competition at 56%.

Searches for $1 million-plus homes highest since 2017, Redfin says
Searches for $1 million-plus homes highest since 2017, Redfin says

In Houston, 3.4% of last year’s Redfin searches were for homes priced higher than $1 million.

More than half of homes sell within two weeks
More than half of homes sell within two weeks

Median prices rose 15%, pending home sales were up 29%, and new listings fell 11% from the same period a year earlier.

What must you earn to afford a Houston home payment?
What must you earn to afford a Houston home payment?

The website, which notes that housing costs take up about one third of average spending for households, configured data by assessing the median home value and mortgage payment to show the minimum level of income necessary.

Houston rents jump in 2020, along with other major markets
Houston rents jump in 2020, along with other major markets

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

Houston home sales more than doubled during Q4, says Douglas Elliman
Houston home sales more than doubled during Q4, says Douglas Elliman

Sales surged across all housing types during Q4 2020, more than doubling year over year to a record 19,555 sales.

Zillow finds home values growing more slowly in Houston than in suburbs
Zillow finds home values growing more slowly in Houston than in suburbs

Zillow’s national figures showed high demand for housing in urban areas helping values in cities keep pace with those in the suburbs.

Houston home prices jump 11.4% in 2020
Houston home prices jump 11.4% in 2020

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

Oops! We could not locate your form.