Duplex for Sale Houston TX
                     Duplex for Sale Houston TX
The Sam Team
Houston Real Estate Market in Texas
The Greater Houston home market has seen positive sales for the 
thirteenth month in a row. Single-family home sales, overall 
property sales, and total dollar volume all rose in June compared 
to previous year. Pending sales, which are a foreshadowing 
indication of transactions that will close in the next one to three 
months, also rose by 3.1 percent. In June, single-family house 
sales in the greater Houston area rose by 13.6 percent to 10,638 
units, up from 9,362 the previous year.
Strong sales volume at the top of the market drove prices to new 
highs, surpassing those set last month. A single-family house's 
average price climbed by 23.7 percent to $395,316, while the median 
price rose by 20.0 percent to $314,500. Cheap inventory and low loan 
rates are driving up home prices. When some buyers go out to look 
for a home, they discover they can't compete with all-cash bids. 
Agents risk having very limited inventory for buyers during the next 
spring season, particularly with the possibility of increasing mortgage 
interest rates.
Despite the epidemic, the Houston real estate market had a record-
breaking year in 2020. A total of $35.3 billion in real estate was sold, 
setting a new high (dollar volume). Single-family house sales 
exceeded the previous year's record number by more than 10%. 
According to HAR's 2020 annual market report, overall property 
sales for the year reached 115,523, an increase of 11.6 percent over 
the previous year's record volume and just the second time in history 
that total property sales had surpassed 100,000.
In December, a record-high average price of $347,164 was 
reached, as well as a record-high median price of $273,443. 
The Houston real estate market outperformed the previous 
year's record pace by a wide margin. The average number of 
days a house spends on the market has decreased from 59 
to 46 days. Nothing remains on the market for long, 
according to local brokers, since buyers are snapping up 
houses at breakneck speed to take advantage of historically 
low mortgage rates. Record-low mortgage rates and a 
scarcity of available houses are two major reasons why the 
Houston housing market will continue to grow in 2021. You 
can buy duplex for sale in Houston Texas.
Despite the high level of purchasing activity, the pace of increase 
was somewhat slower year over year. Single-family home sales 
rose 13.6 percent over last June, according to the most recent 
Houston Association of Realtors (HAR) Market Update, with 
10,638 units sold compared to 9,362 a year earlier. This is the 
market's eleventh consecutive month of increased sales. With a 
136.5 percent year-over-year increase, homes priced at $750,000 
and above led sales volume once again.
The Sam Team
2911 S Sam Houston Pkwy E, Houston, TX 77047
City : Houston 
State : Texas 
Zip/Pin : 77047 
Country : United States
Tel: 8322005656
Email: [email protected]
Website : https://www.thesamteam.com/