Watch the Market Update Video Below: Vancouver smashes records in as National Avg. List Price is $938,484. Corona Virus Impact on Houston's housing market, results are super surprising! June 2020 – The Best Month in the History of Houston Home Sales, Realtors Say. 1 - Houston Housing Market Hi Jennifer Yoingco of Texas Home Group. A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. In this article, we break down these predictions for real estate investors to understand what to expect through the end of 2020 and into 2021. Thin inventory. Buyers encounter multiple offers, backup contracts and 40 people standing in line to get into an open house. Market Trends. Mortgage rates remain very low and look likely to stay there. Home sales increased in five out of seven Lake Houston-area ZIP codes in June 2020 compared to the previous year, and the price of homes sold increased in four ZIP codes. Amid social distancing orders, the Houston real estate market lost most of its 2020 momentum in April, seeing a 21% drop in year-over-year sales and … Why homebuying begins with the agent. Pending continue to show 50. A sold sign is shown on a real estate sign outside a home Tuesday, March 31, 2020, in Spring. The question is . Listing Inventory down 21%Average. April was the worst month ever, with 141 listings place under contract. Jan 4, 2021, 08:00am EST. We will discuss the latest Houston housing market trends & forecasts and find out how the market recovering in this region from the impact of the pandemic.The Houston real estate market is now running 7.7 percent ahead of 2019’s record pace. Explore Houston’s housing market, population, and employment trends in the tabs to learn more. Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward . Daniela has covered events like Hurricane Harvey and the Astros World Series win. She is a published poet and has background in creative writing and journalism. Back on market listings 100. See this epic report on the residential housing market with insight from NAR and other major real estate statistics sources. Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. Watch Queue Queue document.writeln("
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"); by Calculated Risk on 8/12/2020 12:38:00 PM. Top 10 Housing Markets for 2021. The average Houston house price was $270K last month, up 8.9% since last year. What about sales? I hope you guys enjoy this! Sponsored Content Dec 23, 2020, 2:40 pm CST . Housing & Real Estate See how the Lake Houston-area real estate market fared in October 2020 Home sales increased in five out of seven Lake Houston-area ZIP codes in … The U.S. housing market is a major indicator of the strength of the economy. The assumed recovery in social distancing comes at different rates. While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. In her spare time, Daniela is an avid reader and loves to spend time with her two miniature dachshunds. Now the question is whether the 2020 housing market will show the same resilience. June 4, 2020. document.writeln("