We will discuss the latest Houston housing market trends & forecasts for 2021. Despite the pandemic, 2020 was a record-breaking year for the Houston real estate market. A record-breaking $35.3 billion worth of properties were sold (dollar volume). Single-family home sales surpassed 2019’s record volume by more than 10 percent.
According to HAR’s 2020 annual market report, sales of all property types for the year totaled 115,523, an 11.6% increase over 2019’s record volume and marks only the second time in history that total property sales broke the 100,000 level. A record-high average price of $347,164 and a record-high median price of $273,443 was achieved in December.