Year over year, Houston’s housing prices continue to grow

Year over year, Houston’s housing prices continue to grow

A two-story custom house completed in 2020, this home features four bedrooms and five bathrooms as well as a mud room and an upstairs family room. (Courtesy Houston Association of Realtors)

As active listings declined in Houston, total property sales saw positive growth, rebounding after a slow October.

Single-family home sales increased 3.9% compared to last November with 8,320 houses sold this last month, according to a November market update from the Houston Association of Realtors.

Total dollar volume showed one of the largest year-to-date changes, increasing 20.6%; total active listings fell 13.3% compared to November 2020, according to the report.

Average and median home prices climbed after a market dip last month, although average prices still fell below their peak this last summer.

With a 5.6% change since last November, total property sales totaled 10,216 for the previous month.

“Throughout the pandemic, the Houston housing market has been unpredictably strong, and November was no exception,” HAR Chair Richard Miranda said in the news release. “We remain on track for a record 2021, and the Greater Houston Partnership sees positive conditions for local employment going into 2022.”

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