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Texas Home Sales and Median Price Reach an All-Time High in 2021

Texas REALTORS® releases 2021 Texas Real Estate Year in Review report

March 04, 2022 — Austin

For the seventh year in a row, the number of Texas home sales and median price hit a record-breaking high, 根据 2021 Texas Real Estate Year in Review report released today by Texas REALTORS®.

“2021 was an exciting year for Texas real estate,罗素·贝里说, 2022 chairman of Texas REALTORS®. “Demand for housing hit an all-time high, and we saw many multiple-offer situations, including homes that attracted dozens of offers and sold for well above asking price. Some buyers found it a frustrating environment. Working closely with your REALTOR®—whether a seller sorting through offers or a buyer trying to succeed with an offer—has never been more important.”

The number of homes sold statewide increased 6.2% in 2021, with 416,853 sales. Housing inventory at the end of the year dropped to 1.2 months, a decrease of 0.4 months from the end of 2020. According to the Texas Real Estate 研究 Center, a market balanced between supply and demand has between 6.0和6.5个月的库存.

路易斯·托雷斯博士.D., research economist with the Texas Real Estate 研究 Center at Texas A&米大学, 评论, “Rising mortgage rates will weaken housing demand and subdue some of the housing price pressures in 2022. The housing market will remain strong with the major headwind being the low inventory of homes for sale, especially in the lower price ranges. Homebuilders are trying to catch up with demand, but are facing steep prices for land, 材料, 和劳动. Expected improvements in supply chain issues should mitigate some of the costs facing builders in the coming months, but new home construction is expected to lag housing demand.”

Median home price reached $300,000, up 15.比上年增长7%. Median price per square foot of $150 represented an increase of 16.从2020年的9%和35%.自2017年以来增长了6%. Homes spent an average of 34 days on the market, 21 days less than 2020.

Chairman Berry concluded, “We’re seeing a lot of new-home construction in the state, but the Texas population continues to grow as well. As demand remains high and prices rise, REALTORS® know the importance of working on ways to ensure homeownership remains attainable in Texas.”

 

About the Texas Real Estate Year in Review Report

数据 Texas Real Estate Year in Review Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their 美国职业足球大联盟, and Texas REALTORS®, with analysis by the Texas Real Estate 研究 Center. The report provides annual real estate sales data from a statewide perspective and for 25 metropolitan statistical areas in Texas. To view the report in its entirety, visit 91src.com.

关于Texas REALTORS®

有150多个,000个成员, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.