Current Market Data

Homeownership remains affordable despite price increases
Homeownership remains affordable despite price increases

Rising wages and falling mortgage rates are helping keep homeownership within reach of average wage earners nationwide despite surges in housing prices.

Houston home sales up compared to early days of 2020 pandemic
Houston home sales up compared to early days of 2020 pandemic

The data are skewed because it was at this time last year that the coronavirus pandemic forced the real estate business to go into lockdown until it was deemed an essential service.

Home prices hit 15-year high nationwide
Home prices hit 15-year high nationwide

Prices in the Houston metro area were up 6.3% over February 2020. CoreLogic classified Houston’s market as “overvalued.”

Houston named one of the best places for real estate agents to work
Houston named one of the best places for real estate agents to work

Houston wasn’t the only Texas city to make the list. The Lone Star State has five of them on the list, including No. 1 ranked Midland. 

Pending home sales dip in February in the South
Pending home sales dip in February in the South

“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun

New home sales slide nationwide
New home sales slide nationwide

Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.

Houston home sales not cooling, despite arctic blast
Houston home sales not cooling, despite arctic blast

The Houston Association of Realtors reports this month that despite the winter storm that left many without power, February home sales didn’t slow the sale of single-family homes in the metro area, making it the ninth straight month of improved sales. 

Buyers show renewed interest in city living as vaccines bring hope
Buyers show renewed interest in city living as vaccines bring hope

For the first time since March 2020, home-price growth in urban areas surpassed that of suburban and rural locations.

NAR: Southern home prices up nearly 13.6%
NAR: Southern home prices up nearly 13.6%

“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun

Low inventory still driving up Houston housing prices
Low inventory still driving up Houston housing prices

The median sale price of a home in Houston was $275,000, a 4.8% increase month over month and an 11.3% increase over last year.

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