Housing recovery ranks Corpus Christi in ForbesHousing recovery ranks Corpus Christi in Forbeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=81482013-02-21T13:49:00Z2013-02-21T13:00:00Z

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.

Residential Home Sales in the Coastal Bend
  2011 2012
Homes sold 3,640 4,249
Average sales
$156,751 $170,191
Average DOM* 109 120
Median sales
$135,000 $142,500

*Days on market

Source: Corpus Christi Association of Realtors

Corpus Christi Caller-Times
Corpus Christi
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