CORPUS CHRISTI – The housing market has been heating up for the past few months and is only getting hotter.
According to the Corpus Christi Association of Realtors, local housing prices have risen 11 percent from 2015 to 2019 and an additional 20 percent from 2019 to 2021.
New construction has become increasingly expensive, with less than 10 percent of new homes being affordable.
According to data from the Texas Real Estate Research Center at Texas A&M University, 1,529 homes were sold in the area in first quarter 2021, with 667 sales in March—a 16.7 percent increase from March 2020.
Get more Corpus Christi real estate news on the Texas Real Estate Research Center’s website:
Source: Corpus Christi Caller-Times