According to the Houston Association of Realtors (HAR), “August saw a return to increased sales volume with inventory levels improving and prices showing signs of moderation while remaining higher than last year.” August homes sales in Houston for 2021 Market Update shows single-family homes sales rose 8.5% versus last August, with 9,890 units sold. That is up from 9,118 sales in August 2020. On a year-to-date basis, local home sales are 17.4 % ahead of 2020’s record pace.
August Home Sales by Housing Segment
August Sales by Housing Segment
Homes priced from $500,000 to $750,00 lead the way this time with a 48.5% year-over-year increase. High-end homes priced from $750,000 and above saw a 30.5% year-over-year jump in sales.
- Homes priced $750,000 and above – 30.5% increase
- Homes priced $500,000 to $749,999 – 48.5% increase
- Homes priced $250,000 -$499,999 – 31.8% increase
- Homes priced $150,000 – $249,999 – 26.6% decrease
- Homes priced $100,000 – $149,999 – 33.5% decrease
- Homes priced $1 – $99,999 – 3832.4% decrease
August Lease Property Update
- Single-family lease homes fell 10.2% year-over-year.
- Leases of townhomes and condominiums edged up 1.8%.
- Average rent for single-family homes rose 9.6% to $2,153.
- Average rent for townhomes and condominiums increased 6.9% to $1,765.
August Single-Family Homes Update
- August single-family home sales quickly rebounded from July’s negative report, climbing 8.5% with 9,890 units sold across the greater Houston area compared to 9,118 a year earlier.
- The single-family home average price increased 14.0% to $380,233.
- The single-family home median price jumped 15.2% to $310,000.
Houston Real Estate Highlights in August Home Sales
- Single-family home sales rebounded from July’s declines with an 8.5% increase, as 9,890 units sold versus 9,118 in August 2020.
- The Days on Market (DOM) figure for single-family homes fell from 51 to 26;
- Total property sales rose 9.2% with 12,036 units sold;
- Total dollar volume increased 26.7% to $4.3 billion;
- The single-family average price increased 14.0% to $380,233;
- The single-family median price rose 15.2% to $310,000;
- Single-family homes months of inventory registered a 1.9-months supply, down from 2.6 months year-over-year and below the national inventory of 2.6 months;
- On a year-to-date basis, single-family homes sales are running 17.4 percent ahead of 2020’s record pace.
- Townhome/condominium sales jumped 27.1% with the average price up 9.5% to $237,473 and the median price up 14.3% to $200,000;
- Single-family home rentals fell 10.2% with the average rent up 9.6% to $2,153;
- Townhome/condominium leases rose 1.8% with the average rent up 6.9% to $1,765.
Read the full HAR Market Report on Houston Real Estate Market June Sales here.
You may want to check past Houston home sales report for July, June, and May.
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