Try This New Tool to Track Price Appreciation
You and your clients have a new way to track home price appreciation across the state’s four major metros and some smaller areas thanks to a research agreement between Texas REALTORS® and the Real Estate Center at Texas A&M University.
The Texas Home Price Index (THPI) analyzes repeat sales—the change in sales price from multiple sales of the same house—using an improved and expanded sales database that’s updated quarterly.
When examining the price growth of existing housing stock, this type of analysis has a number of advantages over other statistics, such as median price, which can be influenced by changes in the mix of property types being sold. And thanks to the partnership with Texas REALTORS®, the THPI is not limited by mortgage data or public housing records.
The THPI includes Amarillo, Austin-Round Rock, Dallas-Fort Worth-Arlington, El Paso, Houston-The Woodlands-Sugar Land, and San Antonio-New Braunfels. Dallas-Plano-Irving and Fort Worth-Arlington are also available as variations.
Additional indexes for lower, middle, and higher price ranges are available for Austin, Dallas-Fort Worth, and Houston.
You can access the THPI at recenter.tamu.edu/data/home-price-index.