Texas Home Sales Continue To Beat Records

Dated: 11/18/2016

Views: 182

Texas home sales continue to beat records

Translate this page Select Language.

11/01/2016 | Author: Editorial Staff

The Texas housing market saw a slight increase in home sales volume in the third quarter while median prices also continued to rise. 

The Texas Quarterly Housing Report, released today by the Texas Association of REALTORS®, shows that 91,248 homes were sold in the past quarter, representing a 0.2% increase compared to the third quarter of 2015. The median sales price of $214,000 was a 7% jump in the same timeframe.

“Texas home sales in 2016 continue to edge out last year’s record-breaking sales volume, and in many local markets, growth is still very strong,” said Leslie Rouda Smith, chairman of the Texas Association of REALTORS®.

Housing inventory and active listings rose slightly—0.1 months to 3.9 months of inventory and 4.2% to 103,109 listings, respectively—while Texas homes spent an average of 53 days on the market, which is one more day than the same period last year.


11/01/2016 | Author: Editorial Staff  TEXAS ASSOCIATION OF REALTORS


Blog author image

Mike Pourciau

Mike has over 14 years in experience in real estate and 25 years in management, sales, and business ownership. Mike has grown into an agent and leader who tenaciously protects his clients interests. S....

Latest Blog Posts

Seven Reason to Love Living in Houston

Seven Reasons to Love Living in HoustonIt’s been featured at or near the top of Forbes’ coolest cities list for several years running. It’s home to the Astros,

Read More

Supply & Demand Will Determine Future Home Values

Supply & Demand Will Determine Future Home ValuesWill home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the

Read More

Fixer-Upper Mortgage 203K Loan

Contact me for more details, 773-678

Read More

March Home Sales Move up 0.4%

Pending Home Sales Move Up 0.4 Percent in March Media Contact: Jane Dollinger 202-383-1042 NAR Media Contacts Statistical Release

Read More