Coastal Bend bucking national trend of home sales downturn

Home Sales
Posted at 1:37 PM, Jul 10, 2020
and last updated 2020-07-10 15:06:38-04

CORPUS CHRISTI, Texas — The COVID-19 pandemic has curbed residential home sales in many cities across the state with sales declining at 17.6 percent in April.

Even with the uncertainty in the economy, Trey Summers with Hogan Homes said houses are still selling at a fast pace, not only here in town, but also across the Coastal Bend.

“Whether you are in Port Aransas, Corpus Christi, or Rockport, houses are selling as fast as they are coming on the market," said Trey Summers, chief operating officer of Hogan Homes. "As far as the home builder goes, as soon as we put inventory on the ground, we have a buyer for it."

Despite the COVID-19 pandemic, low interest rates are among one of the reasons we are seeing a significant increase in home sales.

"We are definitely up, we are up, I wouldn't say two-fold, but you know our website, in traffic, has gone over 100 percent on our website traffic," Summers said. "The actual home sales are up 30 percent or so from last year."

Nevertheless, the local demand remains high, and that’s good news for our construction workers and our local economy.

“Right now, construction is going crazy in Corpus Christi and the surrounding areas," Summers said. "So these guys are big drivers of the local economy, and so it is great to see them to be able to continue to work and put that money back into the local economy, to keep restaurants and service businesses going."

Whether you're buying your first home or looking to add another one to the portfolio, the Coastal Bend housing market is a good place to do so.

More than a thousand homes are still set to be built in Corpus Christi this year despite a global health pandemic.