February 25, 2021 — Austin
For the sixth consecutive year, the Texas housing market broke records in terms of the number of homes sold and median price, while inventory levels hit a critical all-time low, 根据2020年 Texas Real Estate Year in Review report released today by Texas REALTORS®.
“Texas real estate sales broke records despite being in the middle of a pandemic,马文·乔利说, 2021 chairman of Texas Realtors. “Housing inventory dropped to historically low levels in many areas of the state, and that shortage of homes for sale made many markets extremely favorable to sellers and challenging for buyers.”
Home sales across the state increased 9.5% in 2020, with 393,615 homes sold. This is a larger increase than the 3.2019年增长8%.
Housing inventory dropped to 1.7 months of inventory, a decrease of 1.2019年起3个月. 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.
Median home price increased 8% from the prior year to $259,230. Price class distribution showed that the largest percentage of homes sold across the state (34.5%) fell in the $200,000-$299,000 price range.
“The 2021 housing market will be characterized by strong demand with low inventories accompanied by strong price growth,” explained Luis Torres, Ph.D., research economist with the Texas Real Estate 研究 Center at Texas A&米大学. “Inventories of homes priced under $300,000 will be especially low, affecting sales in that price range. The economic recovery helped by the additional federal fiscal stimulus and vaccination rates will contribute to Texas housing demand in 2021.”
Active listings statewide declined 22.从2019年到2020年1%. Homes spent an average of 55 days on the market, four days less than 2019.
Chairman Jolly concluded, “Rising home prices coupled with the housing shortage has made affordability a challenge across our state. These issues remain top of mind for Texas Realtors as we continue through the 87th 立法会议. We will continue to champion legislation that will ensure homeownership remains attainable and a sound investment for years to come.”