The real estate market is Houston is poised to become ideal for those wanting to sell their homes.

Richard Miranda, Houston Association of Realtors chairman, recently told the website Click2Houston that the demand for homes was way beyond the supply.

“The Houston market is not just hot. It's on fire,” he said. “We have too many buyers chasing too few listings.”

According to Click2Houston, only 7,781 properties sold in Houston in May 2020. In May of this year, that number had nearly doubled with 12,100 properties sold.

Construction material and labor shortages, in addition to the high demand, are bringing home prices sky-high; the average selling price has increased by nearly 30%.

Realtor Thurayah McBride of the McBride Home Group told the website that the biggest tip she could give to potential buyers would be the ability to close.

“Tip number one would be to write a pretty strong offer to the seller and then assure the seller that you, the client, can close on time. That you can close faster than other interested clients,” Thurayah said.

The Houston Chronicle recently reported that rent in Houston is going up at record paces, jumping 6.6% on average compared to last year's prices.

Fellow metros in Texas like Austin and Dallas are experiencing similar results.

“A lot of the moves that didn’t happen during the pandemic — that’s happening all at once,” said Nicole Bachaud, an economic data analyst at Zillow told the newspaper. “We’re seeing a lot of (people) move back into cities, which is putting a lot of pressure on the rental market all at once instead of spread out over a year.”

Adding to the flood of demand in Texas cities is what Bachaud called the "Great Reshuffling."

“We’re seeing a migratory shift from people moving from more expensive areas like California to less expensive areas like Texas and the Midwest,” she added.