Posted in Home Selling

Has Real Estate Become A Seller’s Market In Texas?

The Texas housing market posted  a 14% increase in sales volume with roughly 6% increases in both median and  average sales price, according to the 2012-Q3 edition of the Texas Quarterly  Housing Report. Here are some highlights from the report:

  • Median sales prices for  properties was $161,500, which is 6.46% more than third quarter 2011.
  • Average sales price had a  similar increase, up 5.74% from the same quarter last year, to  $208,515.
  • The latest statewide  iniventory figure indicates Texas overall has shifted to a seller’s market, and  data show this is also true in many local real estate  markets.

Click here to download the full report, covering real estate sales  statistics statewide and in 48 markets in Texas.
source:  Texas Association of Realtors



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