Texas home sales continue to beat records

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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.

Categories: Research
Tags: texas quarterly housing report, research, market news


Comments

mary ann lipsey on 11/01/2016

Love when real estate FACTS are printed from reliable sources…Why would we want to change,fix, or amend “best sales ever?”  Most of all, why wouldn’t every single agent want to acknowledge this wonderful news and continuing sales data/record?  And celebrate!!!!


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