You might think Hurricane Harvey would have affected the number of home closing in September in Southeast Texas. With a total of 292 closings, that doesn't appear to be the case. There is no way to know how many more would have closed in September that didn't due to flood damage. 292 closings is still a high number of closings for the month of September.
This chart will show you 4 other noteworthy home sales statistics.
The bulk of the homes sales occurred in the $100,000-$150,000 price range but that is usually the case for the Southeast Texas residential housing market.
- 43% of the closings were homes priced from $90,000-$199,999.
- 31% of the closings were homes priced from $200,000-$399,900
- 3% of the closings were homes priced over $400,000
We continue to be in a sellers market with a low level of inventory in all but the upper price ranges. Until homes damaged by Hurricane Harvey are repaired and start coming on the market the inventory shortage is likely to continue.
If you are planing to buy or sell a home in Southeast Texas contact me. When we work together I become your advocate. I'll work hard to get you the best deal possible and exceed your service expectations.