Dec 15, 2015
San Angelo and Texas housing market strong in 2015
SAN ANGELO – According to the Texas Association of Realtors 2015 Texas Annual Housing Report, Texas real estate has made a strong showing in all segments of the housing market...
SAN ANGELO – According to the Texas Association of Realtors 2015 Texas Annual Housing Report, Texas real estate has made a strong showing in all segments of the housing market in 2015 due to continued growth in the state’s economy, jobs and population.
This growth is also looking good in San Angelo.
Texas real estate is on pace to have a record year and statewide housing inventory has reached a two-year high.
Additionally, the report shows that Texas is outpacing the nation in home sales because median incomes for Texans rose 5.9 percent over the years.
Max Puello, president of the San Angelo Association of Realtors said, “I think we’re in a good place because of our economic diversity. We’re not just an oil field town, so I think we have that going for us.”
There has been more stabilization going on in the San Angelo housing market and there’s more availability in the rental market than previously.
The average price of a home is in the $160,000 range, where a few years ago, it was in the $120,000 range.
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