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Texas home sales reach record-breaking numbers in second quarter of 2021

Texas REALTORS® releases 2021-Q2 edition of the Texas Quarterly Housing Report

July 26, 2021 — Austin

Texas home sales reached a new high of 114,772 homes sold in the second quarter of 2021, 增加24.7% from the second quarter a year ago, according to the 2021-Q2 Texas Quarterly Housing Report released today by Texas REALTORS®.

“Texas is in the middle of a record-breaking summer selling season with unprecedented demand for housing,马文·乔利说, chairman of Texas REALTORS®. 在整个州, buyers are having to compete more than ever for houses, leading to a strong increase in home prices.”

The median price of a Texas home increased 19.1% to $300,490. Of all homes sold in the second quarter, 30.1% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.

路易斯·托雷斯博士.D., research economist with the Texas Real Estate 研究 Center at Texas A&米大学, 评论, “The extremely low level of supply available is holding back sales and pushing up prices, as mortgage rates are still hovering around 3%, the economy is expanding, and ongoing demographic trends continue to support housing demand. The limited inventory for homes priced less than $300,000 is particularly distressing and is stressing home affordability.”

Housing inventory in Texas dropped to 1.4 months in Q2, a decline from 2.2020年第二季度9个月. According to the Texas Real Estate 研究 Center at Texas A&米大学, a market balanced between supply and demand has between 6.0和6.5个月的库存.

Chairman Jolly concluded, “With such high demand and rising prices, buyers and sellers are relying on their REALTOR® more than ever to help them navigate this highly competitive market. Many sellers are in the enviable position of getting multiple offers above asking price but are finding there’s more to choosing the best offer than simply going with the highest price. Factors such as appraisal waivers, earnest money, and termination options can all come into play. 在另一边, buyers are facing the challenge of figuring out how to structure an offer that will stand out as the one the seller accepts. There’s no one better than a Texas REALTORS® to guide buyers and sellers through these scenarios.”

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.