In terms of purchasing homes, it’s something that’s extremely tough for those looking to do this based on different factors, such as inventory being low and prices rising and staying where they are. On the other hand, there are a few markets that have essentially been flat throughout the year, with some even going lower.
Here are three areas in the state of Texas where prices of homes are continuing to fall:
San Antonio
In this city, overall job growth is something that outpaced the national average, going to 1.7% from 4.2%. It’s also estimated that median home values rose by 9.4% throughout the last year, coming in at approximately $269,499.
This city is currently experiencing a housing boom that matches with an economic one, similar to many other cities throughout the state of Texas. Currently, the median price of homes currently listed is approximately $336,995. This amount is a 3.4% decrease from last year.
Houston
In this city, there continues to be a large amount of building taking place thanks to the aftermath of Hurricane Harvey flooding and damaging many structures, especially homes. Last year, Houston ranked second in the nation in terms of building permits that were issued, as a total of 42,000 were issued prior to Harvey making landfall. The current median price of homes is $299,520, which is a 0.4% decrease from last year.
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