TAR: 4Q 2014 Texas Quarterly Housing ReportTAR: 4Q 2014 Texas Quarterly Housing Reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18262015-02-02T13:01:00Z2015-02-02T10:00:00Z

TEXAS - Real estate agents sold 66,664 homes in the Lone Star State during fourth quarter 2014, according to the Texas Association of Realtors (TAR). For all of last year, more than 284,000 houses in the state changed hands.

Texas home sales prices were up 7.8 percent in 4Q 2014 compared to 4Q 2013, with a median price of $185,900.

Despite the strong 4Q 2014 home sales across the state, the total number of properties sold by real estate agents was slightly below the record volume in 2013.

“Texas home sales in the first half of 2015 are expected to be similar to what we’ve seen in 2014, but continued increases in home prices and record-low inventory levels should still continue,” said Dr. Jim Gaines, economist with the Real Estate Center at Texas A&M University.

“Continued housing demand, especially in Texas’ metro areas, will be critical to sustaining our market’s strong housing development in 2015.”

Texas Quarterly Housing Report
Statistic 4Q 2014 4Q 2013
Sales (units) 66,664 61,463
Median Price 185,900 172,500
Avg. Price 240,976 225,217
Mo. Inventory 3.3 3.6

Source: Texas Association of Realtors

See how your area performed at the 4Q 2014 Texas Quarterly Housing Report from the Texas Association of Realtors.

Dallas Morning News
http://bizbeatblog.dallasnews.com/2015/02/texas-home-sales-up-8-46-percent-in-fourth-quarter.html/Read more at {Source}

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