Houston-Area home prices - higher & continuing to move even higher in 2024?

A combination of higher interest rates and lower home inventories were behind higher home prices in 2023.

Tim Surratt, Realtor with Greenwood King in Houston says that 70,000 new residents in the Houston area in the last year are also supporting higher home prices.

Potential sellers and buyers are ready to get off the sidelines and into the market as they mentally adjust to the reality of higher interest rates. The outlook is for more home price appreciation in 2024 as the supply and demand fundamentals continue to be well supported and FOMO moves buyers to transact.

https://www.har.com/tim-surratt/agent_surrattt