{{titleBar.title}}

{{titleBar.tagline}}

 

 

Condo sales lead Texas housing growth in first half 2014Condo sales lead Texas housing growth in first half 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=37122014-07-07T12:59:00Z2014-07-07T00:00:00Z

TEXAS - Condominiums and townhomes were the fastest-growing segment of the Texas housing market during the first half of 2014, according to the 2014 Texas Condominium Mid-Year Sales Report.

Austin, Dallas, Houston, and San Antonio experienced an average 10.5 percent jump in condo sales between January and May 2014.

The resurgence of the urban centers of Texas’ largest cities has led to an increase in condo development across the state.

“There is little available land for housing development in Texas’s major metro areas, particularly in its urban centers where housing demand is strongest. Condo sales will likely be a strong driver in the Texas housing market for the rest of 2014,” said Dr. Jim Gaines, economist with the Real Estate Center at Texas A&M University.

Here’s how the major metro areas measured up from January - May 2014, compared with the same period in 2013:

Condo/Townhome Sales; January-May 2014
  Austin Dallas Houston San Antonio
Category Jan.-May
2014
Chg. from
2013
Jan.-May
2014
Chg. from
2013
Jan.-May
2014
Chg. from
2013
Jan.-May
2014
Chg. from
2013
Homes sold 1,349 14% 2,383 4% 2,678 6% 271 18%
Median price $214,480 11% $160,000 4% $145,000 6% $105,300 9%
Average price $365,820 9% $207,157 5% $194,009 7% $140,273 5%
Avg. days on market 47 -24% 62 -15% 55 -16% 95 -15%


Read more at the Texas Association of Realtors. For more information on Texas real estate, check out any MSA's Market Data Sources.

Texas Association of REALTORS
Texas
Housing
https://www.texasrealestate.com/news-releases/release/condo-sales-lead-texas-housing-growth-for-first-half-of-2014Read more at {Source}

 Search NewsTalk Texas