New data released today by the Texas Association of REALTORS® reveals that the demand for homes in Texas is still rising, and the median sales price hit another all-time high.
The 2013-Q2 Texas Quarterly Housing Report shows 17.78% more home sales than the same quarter last year. The 79,760 single-family homes sold in the state in Q2 is the highest number of homes sold in a single quarter since the Texas Quarterly Housing Report was launched in 2009.
Here are a few highlights from the latest report:
- The median sales price in 2013-Q2 was $177,300, up 9.98% from the prior year.
- The average sales price increased 10.44% from the prior year to $235,075 this quarter. Those are the highest figures for median and average price ever seen in Texas real estate.
- The inventory of Texas homes continued to shrink. For 2013-Q2, the Texas market featured 4.1 months of inventory, which is 30.5% less than the same quarter of last year.
The report uses statistics from 48 multiple listing services in markets throughout Texas.
If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555. Additionally, you can check out Park Cities / Dallas Real Estate Services.
MICHELE HANIGAN, Realtor