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Houston Housing Market Holding Steady

The Houston housing market continues to hold steady, even as oil prices remain under $30 a barrel.

The most noticeable impact of the energy downturn has been declines in the luxury market, but mid-range housing enjoyed a healthy sales volume.

According to the latest monthly report from the Houston Association of Realtors, January home sales were down 2.1 percent. But sales of homes worth between $150,000 and $250,000 increased by 8.8 percent. The median price — the figure at which half the homes sold for more and half sold for less — rose to $200,000. The average price for a single-family home reached $262,663. Both figures represent all-time highs for January.

Total active listings rose 15.8 percent from January of last year to 32,260.

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