Share this article
Share this article
AUSTIN, Texas, April 22, 2021 /PRNewswire/ The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1
Texas Quarterly Housing Report released today by Texas Realtors. The demand for housing in Texas remained strong despite the winter storm in February and the pandemic, said Marvin Jolly, chairman of Texas Realtors. 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.
During the first quarter of this year, 84,464 homes were sold in Texas, jumping 10.1% compared to the first quarter of 2020. One-third of homes sold were in the $200,000-$299,000 price range, the largest percentage of any price range.
The area s home sales market continues to appear unstoppable, despite a pandemic and a historic winter storm.
Home sales in the San Antonio-New Braunfels Metropolitan Statistical Area increased 16.6% in March, compared to a year ago when the COVID-19 pandemic was just arriving in the area.
A total of 3,543 homes sold during the month, according to the Multiple Listing Service Report from the San Antonio Board of Realtors.
The average home sales price in the area rose 14.9% to $317,387, with the median price increasing 11.1% to $265,000.
However, months of inventory continued to remain low, with only 1.2 months available. The month ended with 3,698 new listings, 3,963 active listings and 3,457 pending sales.
Idyllic Texas region explodes with sales amid pandemic land rush culturemap.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from culturemap.com Daily Mail and Mail on Sunday newspapers.
New York home sales firm heads to Dallas with new office
Douglas Elliman Real Estate is featured on popular television show.
Douglas Elliman Real Estate has more than 7,000 agents working in more than 100 offices.(Douglas Elliman Real Estate )
Douglas Elliman Real Estate is an independent residential sales company best known for high-end properties.
The company is featured on the popular television show,
Million Dollar Listings.
Elliman Real Estate is opening a Dallas office to handle preowned home sales, condominium sales, rentals, corporate relocation and builder sales.
“Dallas is the largest luxury real estate market in the state of Texas,” Jacob Sudhoff, CEO of Douglas Elliman’s Texas operations, said in a statement. “As the premier luxury brokerage that sells the most expensive homes in the U.S., we have an amazing opportunity not to just raise the bar, but also do something different.
North Texas home prices surge to unheard-of levels
The dwindling supply of houses on the market in March fueled the biggest price gain in more than a decade.
Only 6,085 single-family homes are listed for sale with North Texas real estate agents, the lowest inventory in decades and 70% fewer than a year ago.(Ben Torres / Special Contributor)
North Texas home prices rose at the fastest clip in more than a decade in March.
The median price of a single-family house sold by area real estate agents jumped by 16% to $312,000 last month. That’s the highest price ever for property sales in North Texas.