Real Estate Market News for July 2021

Leslie Lerner Properties

Real Estate Market News for July 2021

Housing Stats • Bug Free Zone • Houston Real Producers Magazine


Patience is the name of the game in the 2021Houston real estate market. We currently have record low inventory, low interest rates and buyers chomping at the bit to find homes. According to the latest HAR release, single family home sales were up 13.6 percent compared to last June. On a year-to-year basis, homes sales remain 25.9 percent ahead of 2020’s pace.  Sales of all property types totaled 13,090 – the greatest volume of all time. That is up 16.9 percent from June 2020. We must remember that many people were not buying and selling as much last year due to Covid. 

Inventory is still at a historic low 1.4-months supply. Last June the Houston area had 3.2 months. The national inventory is currently at a 2.5-months supply. Days on the market remained at 34. 

>>>Learn more about the Houston area housing market, bug free zones and Houston Real Producers Magazine.

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.