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Texas home sales jump in first quarter of 2016, inventory drops to all-time low

Texas REALTORS® releases 2016-Q1 edition of the Texas Quarterly Housing Report

2016年5月2日-奥斯汀

Texas home sales rose significantly in the first quarter of 2016, while housing inventory fell to an all-time low, 根据 2016 - q1 Texas Quarterly Housing Report released today by the Texas REALTORS®.

“Despite the economic downturn in some parts of the state, home sales continue to be strong, indicating the enduring demand of Texas real estate,莱斯利说。 Rouda Smith, chairman of the Texas REALTORS®. “Our state continues to be a hub for relocation activity, business development and job growth.”

According to the report, 65,265 homes were sold in Texas in the first quarter of 2016, a 7.8% increase from the same quarter of 2015. Home prices continued to rise as well, with the median price for Texas homes increasing 5.4% year-over-year to $195,000.

吉姆·盖恩斯博士.D., economist with the Real Estate Center at Texas A&米大学, 添加, “The Texas economy is experiencing a cooling-off period after a five-year boom, so the Texas housing market’s strong gains despite the current uneasiness in the state economy are remarkable. It will be interesting to see how Texas real estate activity performs in the next two quarters, typically the strongest quarters for home sales every year. That performance will show the full strength of the Texas housing market in 2016.”

Housing inventory fell to an all-time low of 2.8 months in 2016-Q1, a decline of 0.6 months from the first quarter of 2015. The Real Estate Center at Texas A&米大学 estimates that a monthly housing inventory between 6.0和6.5 months is a level at which the supply and demand for homes are balanced.

Active listings also fell sharply in 2016-Q1, dropping 11.9 % year-over-year to 74,276 active listings. Texas homes also continued to spend less time on the market. 在2016年第一季度, Texas homes spent an average of 64 days on the market, a decrease of three days compared to the same quarter of the prior year.

Chairman Smith concluded, “Housing inventory remains extremely limited in Texas. Low housing inventory combined with rising property values is making housing affordability a challenge, not just in Texas’s metro areas but across the state. This could become a larger problem if there is not greater balance between supply and demand in the future.”

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.