TAR: Condo sales down, townhome sales up in 2018 | TAR: Condo sales down, townhome sales up in 2018 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20757 | 2018-08-02T05:00:00Z | 2018-08-02T20:00:00Z | AUSTIN – Texas condominium sales fell slightly while townhome sales grew between July 2017 and June 2018, according to a new Texas Association of Realtors report.
Condo sales dropped 2.1 percent to 14,279 sales. Total dollar volume was just over $3.4 billion. The median sales price for condos was $185,000 ($187 per sf), up 3.4 percent. Inventory fell 0.2 months to 4.5 months, and the average Texas condo was on the market for 65 days.
Townhome sales grew 6.3 percent to 9,064 sales totaling over $2.3 billion. The median sales price was $226,000 ($139 per sf), up 2.3 percent from July 2017. Inventory was 4.6 months, down 0.1 months. Townhomes spent an average of 61 days on the market.
According to TAR, the condo and townhome market remains one of the most popular segments of the Texas housing market.
| Texas Association of REALTORS
| Texas
| Housing
| https://www.texasrealestate.com/wp-content/uploads/2018TexasCondominiumSalesReport.pdf | | |
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