Feb 21, 2013
Housing recovery ranks Corpus Christi in Forbes
CORPUS CHRISTI - Forbes magazine listed Corpus Christi in the top ten outperforming cities during the recovery. Corpus Christi ranked ninth among 146 cities nationwide, with its low unemployment and...
CORPUS CHRISTI – Forbes magazine listed Corpus Christi in the top ten outperforming cities during the recovery. Corpus Christi ranked ninth among 146 cities nationwide, with its low unemployment and median housing prices.
Most notably, real estate appreciation in the area grew 3.18 percent in 2012.
The area housing market had success in 2012 not seen since 2007, according to the Corpus Christi Association of Realtors. As 30-year fixed-rate mortgages dropped to 3.88 percent, Corpus Christi experienced an increase of 16.8 percent in units sold in 2012.
| 2011 | 2012 | |
| Homes sold | 3,640 | 4,249 |
|
Average sales price | $156,751 | $170,191 |
| Average DOM* | 109 | 120 |
|
Median sales price | $135,000 | $142,500 |
*Days on market
Source: Corpus Christi Association of Realtors
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.