A tumultuous year for the economy, prompted by a global pandemic, didn’t stifle the Houston-area housing market in 2020.
The area’s housing market gained $42 billion in value last year, according to a recent report from Zillow.
Greater Houston’s housing market is now worth an estimated $533 billion -- up $272 billion from 2011.
Of the Lone Star State’s largest Texas metro areas, Houston’s housing market isn’t the most valuable (The Dallas-Fort Worth Metropolitan area holds that distinction) but it did see the largest total increase in value during the pandemic: The Dallas-Fort Worth housing market is worth $625 billion, up $38 billion in value in 2020; Austin’s housing market is worth $264 billion, up $27 billion in value; and San Antonio’s housing market is worth $167 billion, up $9 billion in value.
“2020 was a remarkable year for the housing market.