Texas Quarterly Housing Report
Covering 2014-Q4 Release date: Feb. 2, 2015
The Texas Quarterly Housing Report is compiled by the Real Estate Center at Texas A&M University using statistics from multiple listing services in nearly 50 markets throughout Texas. The report includes data for single-family home sales over the course of one quarter.
Here are a few highlights from the report:
- 66,664 single-family homes were sold in Texas during the fourth quarter of 2014—an8.46% increase from the same time in 2013.
- Median sales price for Texas homes was $185,900—a 7.76% increase from 2013-Q4.
- Average sales price increased 6.99% to $240,976.
- Statewide housing inventory hit an all-time low of 3.2 months. Markets with 6.5 months of inventory are considered to be balanced between supply and demand.
If you are looking to buy a new home, it is critical to understand the market to make your offer stand out in multiple offer situation. As a seller, if you are on the fence about selling your home, now is the time. Make the move to get the most out of your home while the market is still hot!
To view the entire report, visit https://www.texasrealestate.com/uploads/files/general-files/TQHR-2014-Q4.pdf