Has it Become a Seller's Market in Texas?

The Texas housing market posted a 14% increase in sales volume with roughly 6% increases in both median and average sales price, according to the 2012-Q3 edition of the Texas Quarterly Housing Report. Here are some highlights from the report:

  • Median sales prices for properties was $161,500, which is 6.46% more than third quarter 2011.
  • Average sales price had a similar increase, up 5.74% from the same quarter last year, to $208,515.
  • The latest statewide inventory figure indicates Texas overall has shifted to a seller’s market, and data show this is also true in many local real estate markets.

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