TAR: Condo sales down, townhome sales up in 2018TAR: Condo sales down, townhome sales up in 2018https://www.recenter.tamu.edu/news/newstalk-texas/?Item=207572018-08-02T05:00:00Z2018-08-02T20:00:00Z

​​​​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. 

Town​​home 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


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