Are you curious how the Houston Housing 🏘️ Market weathered the pandemic? All I can say is, WOW ‼️ , WOW and WOW ‼️ What a year we had in the Houston Real Estate Market! According to the Houston Association of Realtors, single-family home sales surpassed 2019 records volume by more than 10% even as the supply of homes weathered to the lowest levels of all time 1.9 month of supply. According to HAR’s 2020 annual market report, single-family home sales rose ⬆️ 10.5% to 96,151,000. Sales of all property types for the year totaled 115,523, the total dollar volume for 2020 shot up 18.1%, so, a record breaking $35.3 billion.
For the month of December 📆, however, single family homes totaled 9,652, a 25.5% increase over December of 19. That marked a seven consecutive month that sales were on a rise. The strongest sales activity took place between homes for 500 to 750,000, what skyrocketed at ⬆️ 80.8%. Prices of single family homes established new December heights, the medium price rose 8.7% to 273,443, while the average price rose 11.4% to 347,164. The leasing market had a mixed performance with single family home leases fell 14.5% while town home and condominium leases rose 13.1%. I hope this information was helpful and if you have any questions, don’t hesitate to reach out to us here at Natasha Carroll Realty. What an awesome 2020 year we had! Have an awesome home buying and selling day.