Houston housing hits new high despite Harvey | Houston housing hits new high despite Harvey | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18796 | 2018-01-11T06:00:00Z | 2018-01-11T22:00:00Z | HOUSTON – The 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
| Housing
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