Real Estate Market News for March 2021

Leslie Lerner Properties

Real Estate Market News for March 2021

Housing Stats • More Innovative Products at CES 2021

More Houston Area Home Buyers Than Sellers

The Houston area continues to have a very low selection of homes for buyers to purchase. Inventory has continued to drop since the beginning of 2020.  We are currently at a 1.6-months historic low supply.  When homes are priced per comparable sales, they go under contract in record time.  This is illustrated by the days on market decreasing from 68 days last February versus 48 days this year. 

Sales of homes priced over $250,000 surged in February. Homes in $750,000 and higher range jumped 64.9 percent compared to February 2020. Furthermore, the $500,000 to $750,000 housing segment grew 55.3 percent year-over-year.

>>>Learn more about the Houston housing market and the 2021 Consumer Electronics Show.

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.