“Last quarter, we saw the Texas housing market shift toward a more balanced state between homebuyers and sellers,” said Texas Realtors chairman Marcus Phipps in a statement. “The increase in active listings suggests that buyers in many areas have more options to choose from than they’ve had recently.”
The median home price increased slightly statewide to $326,800, a 0.6% increase from a year before. The median price in Dallas-Fort Worth was up 1.5% to $385,000, while the Austin and Houston areas saw declines. “The increase in inventory was not enough to outpace the demand for housing in the market,” Phipps said. “While there are more available options for buyers, there is still a significant number of potential buyers throughout the state, which is why median prices are close to what they were in most markets a year ago.”
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taylor: What’s behind USAA’s first losing year in a century?Texas’ largest bank is not immune to the market forces that have doomed other financial institutions lately. But it’s not likely to succumb to them.
Source: ExpressNews - 🏆 519. / 51 Read more »