The state’s housing market continues to benefit from population and job growth, according to the latest housing data from the Real Estate Center at Texas A&M University.
Nearly 54,000 existing single-family homes in Texas were sold in first quarter 2013. That’s up 17.5 percent from a year ago.
“We’ve heard a lot about the growth of Texas and now we’re starting to really see the impact on our real estate market,” said Texas Association of Realtors Chairman Shad Bogany.
Real Estate Center Research Economist Dr. Jim Gaines agreed.
“There is clearly demand for Texas homes, and rising prices are encouraging more homeowners to consider listing their properties,” he said.
The median sales price statewide for the first quarter was $158,000, up 7 percent from first quarter 2012.
The months inventory of existing homes was 4.2 months, down 28.8 percent from a year ago.
Complete home sales data for all Texas markets is available on the Center’s website.
Source: Fort Worth Star Telegram