Wednesday , 13 November 2019
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2014: Record High Home Sales in Houston

Amy Bernstein

Amy Bernstein

The Houston Association of Realtors reported 75,319 single-family homes were sold last year, the highest annual sales total on record and a 2.8 percent increase over sales in 2013.

“It was one for the record books,” Houston real agent Amy Bernstein of Bernstein Realty. “Everyone is excited about it.”

Houston’s robust job growth, with about 125,000 new jobs created over the last year, pushed the housing market to record highs in 2014.

“The Houston housing market experienced its best year on record in 2014 and that is a reflection of the vitality of the local economy,” says HAR Chair Nancy Furst with Berkshire Hathaway Home Services Anderson Properties. “We expect the pace of sales to normalize this year, which should finally enable inventory levels to grow, restoring balance to the market.”

Houston Association of Realtors has predicted a decline of about 10 percent in sales in 2015. The sharp decline in oil prices will dampen job growth in Houston in 2015.

The median price of a single-family home sold in Houston last year was $199,000, up 10.6 percent from last year, the Realtors association reported.

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