According to the latest Texas Quarterly Housing Report, released today, the volume of real estate sales in Texas increased for the third quarter in a row.
The Texas Quarterly Housing Report is issued four times a year by the Texas Association of REALTORS with multiple listing service (MLS) data compiled and analyzed by the Real Estate Center at Texas A&M University.
For the period of April through June 2010, sales of existing single-family homes increased 14 percent to 66,079 compared to the same quarter of the prior year. Over the same time period, the median price of homes in Texas remained virtually unchanged at $149,200. The months of inventory of Texas homes – a statistic that indicates the balance between supply and demand for homes – increased slightly from 7.3 months in 2009-Q2 to 7.4 in 2010-Q2.
Bill Jones, chairman of the Texas Association of REALTORS comments on the positive results. “We’re encouraged to see continued strength in Texas’ real estate market as 2010 marches forward,” says Jones. “We’re now focused on maintaining that strength and expanding access to affordable, sustainable homeownership in Texas.”
To do so, the Texas Association of REALTORS has launched TxHomePrograms.org, a searchable online database of homebuyer assistance programs. In addition, Texas REALTORS are partnering with local lenders, housing counselors and others throughout the state to host educational events for consumers about affordable housing.
To view the Texas Quarterly Housing Report for 2010-Q2 in its entirety, visit www.TexasRealEstate.com .