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Houston Real Estate Highlights for December and Full-Year 2021

• -Despite the ongoing coronavirus pandemic, 2021 proved to be a record year for Houston real estate with 106,229 single-family homes sold versus 96,271 in 2020, the last record-setting year. That represents an increase of 10.3 percent;
• -Total dollar volume for full-year 2021 rose 28.2 percent to a record-setting $40 billion;
• -December single-family home sales declined 4.5 percent year-over-year with 9,272 units sold;
• -Total December property sales fell 1.9 percent to 11,432 units;
• -Total dollar volume for December rose 12.4 percent to $4.3 billion;
• -At $319,000, the single-family home median price rose 17.2 percent to an all-time high;
• -The single-family home average price climbed 13.5 percent to the second highest in history, $392,449;
• -Single-family homes months of inventory narrowed to a 1.4-months supply;
• -Townhome/condominium sales ended a strong year with a 21.5 percent year-over-year jump in volume, the average price up 13.8 percent to $258,139 and the median price up 20.9 percent to $220,000;
• -Leases of single-family homes rose 5.9 percent with average rent up 7.5 percent to $2,042;
• -Leases of townhomes/condominiums fell 23.0 percent with average rent up 5.5 percent to $1,731.