Texas REALTORS has released their Q3 2021 Texas Quarterly Housing Report. Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center at Texas A&M. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in Texas.
Texas real estate statistics for Q3-2021:
- Statewide, median home prices were up 16.9% to $310,000
- 115,272 homes were sold in Texas, a 3.5% decrease compared to Q3-2020.
- Of all homes sold in the third quarter of 2021, 29.5% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.
- Housing inventory in Texas dropped to 1.6 months in Q3, a decline from 2.3 months in 2020-Q3.
- Although we’re seeing a slight decline in homes sold year-over-year, it’s important to remember we’re comparing to 2020’s record-breaking numbers. Across the state, we’re still experiencing strong demand for housing, and buyers are moving to Texas from all over the nation.
- Our housing supply remains stretched, but we’re not seeing as many properties with a frenzy of offers above asking price like earlier in the year. Regardless, buyers in many markets still may find it challenging to get their offers accepted.
You can read the full report by visiting texasrealestate.com or clicking here.