The median sales prices and number of homes sold in the third quarter of 2018 each increased 4.4% compared to the same period last year, according to the Texas Quarterly Housing Report released by the Texas REALTORS®.
Key statistics for the quarter include:
- 95,225 homes sold
- $235,000 median sales price
- 4.7% year-over-year increase in active listings
- Average of 52 days on the market.
“The record-breaking home-sales activity this summer in Texas is an example of the strong economy, job growth, and quality of life in our great state that keeps driving demand for homeownership,” said Kaki Lybbert, chairman of the Texas REALTORS®. “At the current rate that home sales and active listings are increasing, we are trending towards another record-breaking year in Texas real estate.”
Texas REALTORS® can access third-quarter data and other information specific to their local markets through the MarketViewer dashboard.