Texas Real Estate Continues To Break Records While Still Recovering From Hurricane Harvey

Dated: 03/16/2018

Views: 36

Image title

Texas home sales increased 4% year-over-year in 2017 while the statewide median price jumped 6.7%, according to the 2017 Texas Real Estate Year in Review report recently released by the Texas Association of REALTORS®. The 336,502 homes sold and median price of $223,990 in 2017 represented all-time highs in both measures for the third year in a row. 

“Despite the devastation of Hurricane Harvey, the Texas housing market had a very strong fourth quarter, helping solidify 2017 as another record-breaking year in Texas real estate,” said Kaki Lybbert, chairman of the Texas Association of REALTORS®. “The strong growth in the housing market can be attributed to the sizable influx of residents and job growth across the state in 2017. With more than half a million people moving to the Lone Star State each year, we anticipate the Texas housing market will remain a hotbed for activity.”

While active listings increased 5.5% compared to 2016, housing inventory across the state slipped to 3.1 months—well below the Real Estate Center at Texas A&M University benchmark for a balanced market of between 6 and 6.5 months.

TEXT iChooseJared to 855-553-6100 to View Listings from your Mobile Device

#houston #hurricane #harvey #realestate

Blog author image

Jared Anthony

As a full time professional real estate agent & former airline pilot, I pride myself on offering superior personal service before, during and after your transaction. Knowledge, commitment, honesty, ex....

Want to Advertise on this Site?

Latest Blog Posts

Did Tax Reform Kill The Luxury Market NOT SO FAR

The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of

Read More

Do Not Mess With Texas Its Population Is The Fastest Growing In The US

Texas and its strong business engine seem to be successfully wooing growing numbers of the population to its larger cities such as San Antonio, Dallas, and Fort Worth.According to a recent U.S.

Read More

Why Real Estate Is Everything I Love About Pride Month

Historically, the real estate industry has been — and continues to be — a bellwether for socio-political changeBY ELIZABETH ANN STRIBLING-KIVLANAs June is National Pride Month, I want to take a

Read More

Valero Faces Permit Fight Over Emissions At Houston Refinery

Enlarge San Antonio-based refining company Valero Energy Corp. wants to add hydrogen cyanide to the list of emissions from its Houston refinery. VALERO ENERGY CORP. IN THIS

Read More