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Texas home prices hit all-time high, home sales rise in second quarter of 2015

Texas REALTORS® releases 2015-Q2 edition of the Texas Quarterly Housing Report

August 03, 2015 — Austin

Texas home prices hit an all-time high in the second quarter of 2015, while home sales remained strong amid high demand, 根据 2015 -第二季 Texas Quarterly Housing Report released today by the Texas REALTORS®.

“The impact of lower oil prices continues to be delayed, leading to a surprisingly strong second quarter. 事实上, Texas home sales are actually stronger than they were this time last year, when oil prices were nearly $100 a barrel,斯科特·凯斯纳说, chairman of the Texas REALTORS®. “This is further evidence of the strong and enduring demand for Texas real estate.”

According to the report, Texas home sales increased 46.2015年第一季度和第四季度同比增长3%.7% year-over-year to 88,906 home sales.

During the same time frame, the median price for Texas homes increased 8.1% from 2014-Q2 to $200,000 and average price increased 9% year-over-year to $258,786. This is the first time the median price for Texas homes has risen to $200,000 and an all-time high for Texas home prices.

Monthly housing inventory continued to decline, falling 9.2% year-over-year to 3.8个月. Inventory is still firmly within a seller’s market, as the Real Estate Center at Texas A&米大学 estimates that a monthly housing inventory of 6.5 months is a level at which supply and demand for homes is balanced.

吉姆·盖恩斯博士.D., economist with the Real Estate Center at Texas A&米大学, 解释, “Despite expected negative impacts from the decline in the oil price and rig counts, both existing housing development and new single-family home sales continue to be strong. While a down oil and gas market makes it difficult to forecast Texas real estate for the rest of the year, preliminary numbers indicate a positive for the third quarter of 2015. 另外, the expectation of rising interest rates in the near future could be stimulating demand as well.”

Chairman Kesner concluded, “As home prices continue to rise, housing affordability could become a greater issue across the state. The Texas REALTORS® is committed to keeping homeownership affordable and fully supports the property tax exemption increase and the permanent ban on a real estate transfer tax proposed in Proposition 1.”

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.