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January News You Can Use

Housing Stats • Buying or Selling • Homestead Exemption

Houston Home Sales CLOSE 2021 with a Burst of Energy

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.

Per HAR / MLS:

Month-to-Month Comparison:

CategoryJan.
2021
Feb.
2021
Mar.
2021
Apr.
2021
May
2021
June
2021
July
2021
Aug.
2021
Sept.
2021
Oct.
2021
Nov.
2021
Dec.
2021
Total Property Sales7,5197,46411,69211,34812,10012,10012,38312,03611,28510,75610,21611,432
Total Active Listings26,27123,93322,60222,79422,60722,60727,26827,55527,23826,85125,01622,496
Single-Family Home Sales6,0886,0499,3479,1059,7029,70210,1599,8909,2268,7038,3209,272
Townhome/Condominium Sales450485788817835887827789729681679805
Single-Family Months of Inventory1.81.61.41.41.41.41.81.91.81.81.61.4
Single-Family Pending Sales8,8098,28811,18211,14010,90910,90910,36810,4319,5409,4929,0697,527
Days on Market484845403434262629323537

Single-Family Sales by Price Range (Harris, Fort Bend, Brazoria & Montgomery Counties)

Price RangeJan.
2021
Feb.
2021
Mar.
2021
Apr.
2021
May
2021
June
2021
July
2021
Aug.
2021
Sept.
2021
Oct.
2021
Nov.
2021
Dec.
2021
$1 - $99,999565360485350465261514739
$100,000 - $149,999213170215182179170175171158136150122
$150,000 - $249,9991,8941,7242,3732,2722,0652,1152,0302,0031,9471,7231,5491,675
$250,000 - $499,9992,3432,4323,9304,1534,2644,8364,7124,5624,3954,1784,0654,617
$500,000 - $749,9993574237898199151,059960891796751747936
$750,000 and above214267478513598689586487436430441520

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REMEMBER TO FILE FOR A HOMESTEAD EXEMPTION BEFORE APRIL 30, 2022

If you purchased a property prior to January 1, 2021; (2) you occupied it as your principal residence on January 1st; and (3) you and your spouse do not claim a residence homestead exemption on any other property, you could be eligible for a property tax exemption. Make sure you file by April 30, 2022.

In the future, a new law effective January 1, 2022 provides property tax relief by allowing homebuyers to file for homestead exemptions in the year when they purchase the property. Prior to this year, new homeowners had to wait until the following year to file for the exemption. 

Harris County:
Application for Residence Homestead Exemption (Fillable)
Harris County Appraisal District iPhone App
Harris County Appraisal District Google Play App

Fort Bend, Montgomery , Brazoria and Waller Counties:
Application for Residence Homestead Exemption