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AVERAGE SALES PRICE
HOUSTON AREA MARKET UPDATE
A MONTHLY SNAPSHOT OF HOUSTON’S REAL ESTATE MARKET FOR MAY 2021
We knew that the year-over-year change rate would be large since May 2020 was greatly impacted by the shutdown. However, the amount of change is still startling! Our inventory remains low at 1.4 months which is well below the national average and far below May 2020. Maybe the most startling is the increase in the total dollar volume sold, a 100% increase over last May!