Houston housing hits new high despite HarveyHouston housing hits new high despite Harveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=187962018-01-11T06:00:00Z2018-01-11T22:00:00Z

​​​​HOUSTON – T​he local housing market hit a new high for home sales in 2017, besting the previous year's record by 3.5 percent amid an unexpectedly strong rebound after Hurricane Harvey.

By the end of December, 79,117 single-family homes sold across the area, representing $23 billion, said the Houston Association of Realtors. The median price for the year increased 3.8 percent to $229,900.

The supply of available homes, which had begun moving to more sustainable levels earlier this year, has fallen off considerably since Harvey.

​For December, home sales were up 4.1 percent to 6,875 over the same month in 2016. The strongest sales performance took place among homes priced between $250,000 and $500,000.​

Houston Chronicle
Houston-The Woodlands-Sugar Land
http://www.houstonchronicle.com/business/real-estate/article/Housing-market-hit-new-high-in-2017-despite-Harvey-12488812.phpRead more at {Source}

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