Houston lands at the top of metro areas proving most resilient against Coronavirus

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Real estate markets across the country got the test of a lifetime as cities went into lockdown mode due to COVID-19. However, many markets have bounced back nicely as lockdown orders have been lifted. And as usual, Houston proves to be no exception.

Whether it was the lifting of the COVID-19 induced lockdown, a glimpse of turnaround for the energy industry, or record-low mortgage rates, buyers flocked to “For Sale” signs and started the summer market season with a bang, surpassing 2019’s June sales volume, a record-setting number in itself.

June 2020 figures jumped a whopping 15.7% year-over-year, from 8,063 to 9,328 single-family home sales. Across all housing segments, homes priced in the $250,000-$500,000 range produced the largest piece of the pie, bouncing 28.3% higher than the previous year.

A recent study by Clever Real Estate produced a promising result for the Houston real estate market, landing it in the #2 spot on its list of metropolitan areas enjoying largest bounce-backs in buyer demand.

  1. Albany, N.Y.

  2. Houston

  3. Harrisburg, Pa.

  4. Dallas-Fort Worth

  5. New Orleans

  6. Detroit

  7. Washington, D.C.

  8. Cleveland

  9. Nashville, Tenn.

  10. Philadelphia

Click here to view Clever Real Estate’s full analysis.