Agent

Luxury home sales activity in Houston down for 5 straight months

More buyers seeking "mid-range" housing
Published on Feb 12, 2016
  • Luxury homes in Houston are considered those starting at $500,000.
  • Foreign nationals are one buyer type driving Houston condo sales.
  • The metro's median home price remains at $200,000 or higher.

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Falling oil prices in Houston were anticipated to noticeably impact the single-family housing market; however recent data suggests only the luxury sector has taken a hit."Mid-range housing actually saw a healthy sales volume in January," said Mario Arriaga of First Group.According to the Houston Association of Realtors (HAR), the volume of single-family sales priced between $150,000 and $249,999 increased by nearly 9 percent in January on a year-over-year basis, while the number of homes that sold for $500,000 and above dropped by 9.3 percent ...

Comments