Why 2015 could be a record year for Texas real estate

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Red Sold rider on a For Sale sign with a family in the background.

11/02/2015 | Author: Editorial Staff

Rising home sales and prices have Texas on track to set new records this year, according to the 2015-Q3 Texas Quarterly Housing Report released today. And even though the state’s relatively low inventory of homes indicates a strong seller’s market, Texas continues to attract growing numbers of homebuyers.

“At this current pace, 2015 could very well surpass 2007 as a record year for Texas home sales,” said Texas Association of REALTORS® Chairman Scott Kesner.

Click here to see an infographic with statewide data, including these highlights:

  • 91,704 single-family homes were sold in the third quarter of 2015—a 7.8% increase from the same time last year.
  • The average price increased 7.7% year-over-year to $199,900.
  • Statewide housing inventory rose to 4.0 months’ supply. Markets with 6.5 months are considered to be balanced between supply and demand. 

Want to see how your market performed? Download the full report issued by the Texas Association of REALTORS® that includes data for 25 markets. 

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


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Legal disclaimer

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.

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