2021 FULL YEAR SALES DATA FOR TEXAS
SALES PRICE
MONTHS OF INVENTORY
AVERAGE $373K UP 18%
$300K MEDIAN
CLOSED SALES 416,488
UP 6.1%
UP 15.7%
1.2
DAYS ON MARKET
TOTAL ACTIVE LISTINGS 49,340 DOWN VS. 54,472 LAST YEAR
LAST YEAR
34 DAYS VS. 55 DAYS LAST YEAR
1.7
UP 38%
SOURCE DATA: AUSTIN BOARD OF REALTORS
2022 FORECAST
FORECASTING AVERAGE PRICE UP 22% VS 2021
FORECASTING SALES VOLUME UP 5% VS 2021
LARGEST NETWORK OF INVESTORS AND
REAL ESTATE INVESTOR ASSOCIATIONS IN TEXAS!
the total number of active listings on the market. As an example, the December 2021 active listings were only 2,042, while closed sales were 3,513 and pending sales were 2,654. Usually, active listing exceeds both closed and pending listings by a fac- tor of two times or more. Of all the markets, Austin appears to be the least price sensitive. As a result, it’s one of the most covet- ed places in Texas to own property. The high price, however, makes it a little less attractive for buy-and-hold investors to cash flow, but it’s very attractive for flippers where both the margins and the profits are very high. SANANTONIO Last year San Antonio sales vol - ume exceeded 2020 single-family sales volume by 5% to 40,689 sales, the average price jumped up 16%
to $293,263, and the median price jumped 15% to $249,600 according to the San Antonio Board of Realtors. San Antonio has consistently been the most affordable of the large Tex- as markets. As a result, many buy- and-hold investors find great cash flow opportunities there. HOUSTON Historically, Houston has been known as an oil and gas market and had been subject to the performance of that industry. Fortunately, during every oil and gas downturn, Houston has become more economically diver- sified, allowing it to weather future oil and gas disruptions practically unscathed. Houston diversification into health care, financial services, leisure, and hospitality—among many other categories—has allowed the city to prosper.
Last year, Houston sales volume exceeded 2020 single-family sales volume by 10.3% to 106,229 sales, the average price jumped up 16% to $376,075, and the median price jumped 15.4% to $300,000, accord- ing to the Houston Association of Realtors. Houston has many things going for it. The Greater Houston Partnership forecast calls for the metro to create 75,500 jobs in 2022. FUTURE TRENDS Why is Texas such a compelling place to live, run a business, and own real estate? Kenneth W. Gronbach, author of “Upside: Profiting from the Profound Demographic Shifts Ahead” included a quote that exemplifies why Texas is growing so much. He quotes the American Legislative Exchange Coun - cil as reporting that “high taxes don’t
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