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Houston’s real estate market is scorching hot, experts say
Buyers battle it out in seller’s market
Published:
Updated:
July 24, 2021 11:22 pm
HOUSTON – It’s a question every potential home buyer is asking right now.
Just how high can home prices rise in what has become a seller’s market on steroids?
“The Houston market is not just hot. It’s on fire. We have too many buyers chasing too few listings,” said Richard Miranda, the chairman of the Houston Association of Realtors.
In May 2020, total property sales reached 7,781. A year later that figure nearly doubled at 12,100 properties sold.
Source: Houston Association of Realtors (Copyright 2021 by KPRC Click2Houston - All rights reserved.)