However, I can tell you that as of September 2021, the Houston housing market was very active, with strong demand and limited inventory, which has caused home prices to rise. According to the Houston Association of Realtors, in August 2021, the average home price in the Houston area reached an all-time high of $404,000, up 19.1% from the previous year. Additionally, the number of homes sold in the Houston area increased by 13.4% compared to the same period last year.
Experts have attributed the high demand to low interest rates, an influx of people moving to Houston, and a strong job market. However, the limited inventory has made it challenging for buyers to find homes, and many homes have received multiple offers, leading to bidding wars. Overall, it appears to be a seller's market in Houston, with homes selling quickly and often above asking price.