Houston Local Market Update - December 2022
When looking at the entire year of 2021 vs. the full year of 2022, Houston's single-family homes grew by 10%. With the rapidly changing economy, in 2021, homes sold at around $390,000 in December vs. $410,000 closing 2022 - representing about a 5% increase in home values.
Houston is seeing some softening in appreciation after a period of hypergrowth in the last few years. However, Houston will remain a healthy, stable, and top market as it continues to thrive with new businesses and a social environment.
Investments into Houston are going strong. Take a look at this recent mix-used development is already at 97% leased, and restaurants are continuing to open new concepts.
The Houston Association of REALTORS® releases comprehensive monthly reports on its website. Read more of them here.
*Data represented here is as of 1/23/23
