Despite the second year of the pandemic, Houston area home sales continued to thrive. Single-family home sales surpassed 2020’s volume by more than 10 percent. Sales of all property types for the year were up 13.3-percent from 2020. This is only the third time in history that total property sales surpassed the 100,000 level.
In December, single-family home sales declined on a year-to-year and monthly basis. Sales fell 4.5 percent compared to last December. Homes priced $150,000 and higher experienced a little burst in sales compared to November.
Days on market inched up to 37, while inventory dropped to a 1.4-months supply. Last December the Houston area had a 1.8-months supply. Housing inventory across the U.S. currently stands at a 2.1-months supply.