Coastal Bend records record-low December unemploymentCoastal Bend records record-low December unemploymenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=239042020-02-19T06:00:00Z2020-02-21T00:00:00Z

​​​​​Market data over the Coastal Bend region's housing market.CORPUS CHRISTI – The Coastal Bend region ended 2019 on a high note with steady growth in employment and business activity despite uncertainty at the national and global levels.

According to the South Texas Economic Development Center at Texas A&M University-Corpus Christi, 1,327 jobs were added across the area last year. Several sectors, including mining and construction, contributed​ to the job growth, but trade and business services saw an annual decline. 

The 4.2 percent unemployment rate was a historical low for the month of December. Across the Coastal Bend, Live Oak County experienced the lowest unemployment at 2.9 percent.

Strong labor market and business conditions have contributed to a tight housing market locally and statewide. The region's median home sales price hit $215,500 by the end of 2019. 

Inventory shrank to 4.7 months, the lowest since mid-2014. The Real Estate Center considers six to 6.5 months of inventory a balanced market. 

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South Texas Economic Development Center
Corpus Christi
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