• During the downturn Houston was one of the best performing metros
  • Performing well during the downturn, rather than recent, rapid price appreciation is the reason for the metro's recovery
  • Texas has three major metros whose housing markets have fully recovered

The Houston-The Woodlands-Sugar Land housing market has recovered better than almost any large metro in the nation.

According to a market-by-market breakdown from Homes.com, Houston’s index value reached 168.60 during August, which is more than 23 points higher than its value in October 2009, the market’s previous housing peak.

The metro is said to be 113.06 percent recovered from its trough, which occurred during February 2011. Only the Denver and Dallas-Fort Worth metro areas have rebounded more from their bottoming outs.

Houston’s recovery can be attributed to its overall stability through the years, rather than to rapid year-to-year price appreciation. When the national appreciation rate was moving backward following the housing peak, Houston’s rate was steady, according to Christi Borden, a Houston Association Realtor board member with Better Homes and Gardens Real Estate.

Spanning October 2009 (peak) to February 2011 (trough), the market’s index score only fluctuated by 5.49.

Of the nation’s top 30 metros, only San Antonio saw a smaller gap between its peak and trough index scores, 5.23.

Consistency seems to describe Houston, as the metro only saw a 3.92 percent change in its index score spanning August 2014 to August 2015. Of the top 30 metros only five saw lower year-over-year increases in their price scores.

Email Erik Pisor

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription