What Q1 statistics say about the future of Texas real estate markets

 

 

Hello from Texas!  Dallas is a great city for GLBT home owners.  Here’s an update about our markets from the Texas Association of Realtors:

“The Texas housing market gained positive momentum in the first quarter of 2012, according to the 2012-Q1 edition of the Texas Quarterly Housing Report.  Here are some highlights from the report:

 

From January through March 2012, the volume of single-family home sales in Texas was 45,502, 12% more than the same quarter in 2011. The median price for Texas homes during the quarter was $147,100, 2.7% more than 2011-Q1.

 

Months inventory decreased from 7.6 months statewide in 2011-Q1 to 6.0 months in the first quarter of this year. Economists at the Real Estate Center at Texas A&M University say that 6.5 months of inventory represents a balanced market. The 21% drop in housing stock could mean demand is starting to overtake supply and Texas home prices are about to rise again.”

 

Bob McCranie
Texas Pride RealtyBroker / Owner
972-754-0582 cell Bob@BobMcCranie.com
Dallas Realtor

Texas Pride Realty

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