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Houston-Area Home Sales and Prices to Grow in 2023

Location
Houston
Publish Date
2022/12/08

The projected yearly change in home sale transactions in the Houston-The Woodlands-Sugar Land region is 2.9%. Still, the expected price change on the typical home is 4.5%. Mortgage rates will ↑ to 7.4% early in 2023 and ↓ to 7.1% by year-end. The median price for existing home sales is projected to ↑ 5.4% and rents will hit new highs with ↑ 6.3%. Yearly, home sales are projected to ↓ 14.1% and inventory of homes for sale will ↑ 22.8%.

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