Texas has never seen home prices like this before
08/03/2015 | Author: Editorial Staff
Texas home prices are the highest they’ve ever been, according to the 2015-Q2 Texas Quarterly Housing Report released today.
In the second quarter of this year, the median price for Texas homes hit $200,000—an all-time high for statewide home prices. But that hasn’t slowed demand for housing statewide. In fact, Texas home sales are up over the same period last year.
Click here to see an infographic of the statewide numbers that includes these highlights:
- 88,906 single-family homes were sold in Q2-2015—a 4.7% increase from the same time last year.
- The average price increased 9% year-over-year to $258,786.
- Statewide housing inventory fell to 3.8 months. Markets with 6.5 months are considered to be balanced between supply and demand.
Just want to see how your market performed? Download the full report issued by the Texas Association of REALTORS® that includes data for 25 markets.
No comments have been submitted for this entry.
Leave a Comment
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.