The latest Texas Quarterly Housing Report, compiled by the Real Estate Center at Texas A&M and issued by the Texas Association of REALTORS®, shows marked improvements in Texas real estate over last year’s figures.
In second quarter 2012, statewide home sales were up 13%, the median and average sales prices were up 7%, and the inventory of homes for sale was down 27% from second quarter 2011.
“Texas has been leading the economic recovery and these results are more proof that our state is one of the nation’s best places to own a home,” said Chairman Joe Stewart. “Now, we must protect the high quality of life that fueled that recovery and work on absorbing the growth of our state. That is the focus of the Texas Association of REALTORS® as we once again begin preparing to advocate for Texas homeowners during the 83rd session of the Texas Legislature in 2013.”
For the full report please download the PDF