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Houston Asking Prices Post Top Increases in Nation 2014

by Peter Thomas Ricci

Asking prices ended the year with a bang, according to new analysis.

asking-prices-trulia-price-monitor-december-2014-housing-recovery-rents

The Houston housing market closed off 2014 in a typically strong way, with asking prices rising 13.4 percent for the year, according to the latest Price Monitor from Trulia.

That was in addition to a robust 5.3 percent quarterly increase, and a 3.1 percent year-over-year increase for rents.

Trulia Price Monitor in December

What’s interesting about Houston’s asking price data is how it continues to outpace the national averages. Houston’s year-over-year increase, for instance, was far above the 7.7 percent for the entire U.S., and was similarly ahead of the nation’s 3.4 percent quarterly increase.

Can the Houston market sustain such increases? Stay tuned for additional coverage on that question, including how Houston’s reliance on the energy sector may trouble its housing market.

See our infographic below for more perspective on how Houston’s price growth compares with that of other metro areas:

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Comments

  • Cecilia says:

    A client is interested in buying a shopping mall in Houston. Value around USD 25-30m . Is there any for sale now ? Thanks

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