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.

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We'll be discussing the current state of the NYC real estate market as well as the statewide market trends. New York City is among the most expensive and competitive housing markets in the nation. It has also been among the most hard-hit by the COVID-19 pandemic with the worst job losses among the major metro areas in the nation.

However, buyers made a swift comeback since the reopening of the economy last summer, which led to busy fall & winter home-buying seasons. New York has been recovering from the economic impacts of the pandemic. While the rents of apartments have been falling due to high vacancies, the strong buyer demand has changed the dynamics of the residential sales market that had been cooling for nearly three years.

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