Texas real estate heats up in first quarter

by
Robert Davis, The Center Square
 | April 23, 2021 12:00 PM
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Texas' median home prices eclipsed $274,000 during 2021's first quarter, according to the latest figures from a realtor organization in the state.
Overall, 84,464 homes were sold statewide during the first quarter, representing a 10.1% increase from the same time last year, according to Texas REALTORS' quarterly housing report. The rise in home prices also represents a 13.4% year-over-year increase.
"The demand for housing in Texas remained strong despite the winter storm in February and the pandemic," said Marvin Jolly, the group's chairman.
"With a low supply of homes for sale, though, prices in most areas have gone up significantly, and competition among buyers has increased as well,” he continued.

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