Real Estate Market News for January 2021

Leslie Lerner Properties

Real Estate Market News for January 2021

Housing Stats • Buying or Selling • Homestead Exemption

Houston Home Sales Close 2020 with a bang

Despite the pandemic, Houston area home sales soared in 2020. Single-family home sales surpassed 2019’s sales volume by 10 percent.  December 2020 home sales exceeded last years sales by 25.5 percent. 

Single-family home sales ended the year with a greater amount of sales in all price ranges. Homes priced $150,000 – $500,000 had the greatest amount of sales in December.

Days on market remained at 46, while inventory dropped to a 1.9-months supply. The Houston area has not had such a low supply in many years. Housing inventory across the U.S. is currently at a 2.3-months supply per the National Association of Realtors.

>>>Learn more about the Houston housing market, advantages of buying and selling your home with Leslie Lerner Properties and Leslie Lerner recognition.

About the author

Leslie Lerner Properties understands that buyers and sellers are tired of having to account for high commission rates when budgeting for their home sale and/or purchase. That is why we have put our clients first by implementing flat fee listings and rebated real estate commissions. Our innovative approach to real estate commissions maximizes your return on investment. Why reduce the equity in your home with high commission rates? Leslie Lerner Properties is The Home of Flat-Fee Listings and Rebated Commissions.