Listings are taking longer to sell, so homes will need to be market-ready and priced well to attract offers, according to Jef Conn, chairman of Texas Realtors. The Texas Quarterly Housing Report shows that overall, the statewide median price of $340,000 was unchanged from the same quarter last year. However, in 17 metro areas, the median home sales prices were up. There were nine metro areas in the state where the median home sales price went down.
The most dramatic increase was in Texarkana , followed by Brownsville-Harlingen , San Angelo , and Sherman-Dennison .Statewide, closed sales were down 2.2 percent compared to the third quarter last year. The nine metros that saw gains were up less than 2 percent, except Victoria . Of the 17 metros that saw declines, sales went down the most in Texarkana .Houses in Texas stayed on the market an average of seven days longer in Q3 2024 than during the same quarter last year.
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Housing market's slump drags on despite improved conditions for buyersThe housing market took another step back last month as sales of existing homes fell under the weight of rising mortgage rates and expensive list prices.
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Housing market's slump drags on despite improved conditions for buyersThe housing market took another step back last month as sales of existing homes fell under the weight of rising mortgage rates and expensive list prices.
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Housing market's slump drags on despite improved conditions for buyersThe housing market took another step back last month as sales of existing homes fell under the weight of rising mortgage rates and expensive list prices.
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Housing market's slump drags on despite improved conditions for buyersThe housing market took another step back last month as sales of existing homes fell under the weight of rising mortgage rates and expensive list prices.
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Housing market's slump drags on despite improved conditions for buyersThe housing market took another step back last month as sales of existing homes fell under the weight of rising mortgage rates and expensive list prices.
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Listen: ‘Attainable Housing’ host and real estate agent Jessica Conrad on San Antonio’s housing marketMortgage rates are falling slightly this year, so more homebuyers are entering the market. Local Realtor Jessica Conrad has some advice.
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