Houston Home Sales Remain Hot, Even After Recent Winter Storms
The winter storms in February brought Texas to a screeching halt, but even that wasn’t enough to slow down the boom in Houston’s housing market.
Winter Storm Uri unleashed abnormally frigid and inclement weather conditions across the entire state, leaving millions without power for days on end. Texas economists estimate the event caused anywhere between $195 billion and $295 billion in damage.
This uncharacteristic winter storm which has been classified by some meteorologists as a one-in-120-year event still wasn’t enough to dissuade indiiduals and families from moving to Houston.
Houston real estate specialists report that the demand for housing in Houston is quickly out-scaling the supply. They are in desperate need of more listings to enter the marketplace and are already at risk of working with extremely limited inventory, going into the spring, summer, and peak moving season.
The median housing price has jumped over 12% in the last year, from $245,000 up to $275,900.
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We care deeply about keeping our guests and communities well and we are continually monitoring the rapidly evolving situation regarding the COVID-19 coronavirus. Our individual sales teams will continue to be available to assist you by phone or individual appointment. Please visit us online to view our inventory of available homes and floor plans. We realize this is a fluid situation and we will continue to keep you updated as to how we can best assist with your needs.
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