HAR Report: Sales of all property types were up 5.6 percent year-over-year, totaling 10,216, and total dollar volume for November jumped 20.6 percent to $3.7 billion.
“Throughout the pandemic, the Houston housing market has been unpredictably strong and November was no exception,” said HAR Chairman Richard Miranda with Keller Williams Platinum. “We remain on track for a record 2021, and the Greater Houston Partnership (GHP) sees positive conditions for local employment going into 2022, which is good news for real estate.”
In the November 2021 edition of The Economy at a Glance, GHP reported the following: “The region’s workforce continues to recover. Approximately 280,000 Houstonians (on net) dropped out of the labor force in the early stages of the pandemic. All but 55,000 have returned. Houstonians who stood on the sidelines are rejoining the workforce. Young adults coming of age are entering the labor market. And workers from other metros and other countries are moving here for job opportunities.”