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Texas home-sales volume increases as prices hold steady in third quarter

Texas REALTORS® releases 2011-Q3 edition of the Texas Quarterly Housing Report

November 01, 2011 — Austin

According to the most recent version of the Texas Quarterly Housing Report, Texas homes continued to hold their value as sales jumped up in the third quarter of 2011.

For the period of July through September 2011, the volume of single-family home sales in Texas was 58,019, nearly 18% more than the same quarter in 2010.  Real estate prices remained flat in the third quarter with the median price statically unchanged from Q3-2010 at $151,800 and the average price down less than 1% to $197,833.

“We expected a significant jump in sales this quarter because, 去年的这个时候, sales were artificially low due to the homebuyer tax credit that pushed demand into the second quarter.  整体, we are thrilled by the performance of the market this quarter and believe these results illustrate the strength of Texas’ housing economy,德怀特·黑尔说, chairman of the Texas REALTORS®.

吉姆·盖恩斯博士.D., an economist with the Real Estate Center at Texas A&米大学, 还说, “The market is starting to look like it did before the real estate boom and bust. Sales this quarter are comparable to levels in 2002 and 2003, indicating the market is returning to a more normal sales pace.”

盖恩斯继续, “Despite being behind the first half of the year, we expect the second half of 2011 to outperform last year, ending the year slightly higher than 2010.”

此外,德克萨斯州有7人.4 months of inventory in the third quarter of 2011 compared to 8 months in Q3-2010. 这一数字, driven down by the decrease in the number of listings, is considered to be the high point of a balanced market by the Real Estate Center.

“Listings were down in part due to fewer distressed properties on the market as Texas’ foreclosure rates declined in recent months,盖恩斯解释道. “While Texas does not have the backlog of foreclosures seen in many other states, we do still have some pending.   As these distressed properties hit the market, we will probably see a fluctuation in inventory in the coming months.”

黑尔主席总结道, “It’s encouraging to see the Texas real estate market returning to pre-recession levels. 展望未来, it will be important to maintain the affordability, access to natural resources and quality of life that have drawn so many homebuyers to Texas, which is the continual focus of the Texas REALTORS®.”

The Texas Quarterly Housing Report is issued four times per year by the Texas REALTORS® with multiple listing service data compiled and analyzed by the Real Estate Center at Texas A&米大学.  查看的报告 2011-Q3 in its entirety, visit TexasRealEstate.com.

About the Texas Quarterly Housing Report

Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their 美国职业足球大联盟, and Texas REALTORS®, with analysis by the Texas Real Estate 研究 Center at Texas A&米大学. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in the state. 德州2021十大正规彩票app 年回顾报告 在二月和 Texas Real Estate Mid-Year Report in August are released in lieu of the Q2 and Q4 reports each year.