HOUSTON (Houston Chronicle) a�� Ta��he local housing market hit a new high for home sales in 2017, besting the previous year’s record by 3.5 percent amid an unexpectedly strong rebound after Hurricane Harvey.
By the end of December, 79,117 single-family homes sold across the area, representing $23 billion, said the Houston Association of Realtors. The median price for the year increased 3.8 percent to $229,900.
The supply of available homes, which had begun moving to more sustainable levels earlier this year, has fallen off considerably since Harvey.
a��For December, home sales were up 4.1 percent to 6,875 over the same month in 2016. The strongest sales performance took place among homes priced between $250,000 and $500,000.a��