The Texas real estate market gained positive momentum in first quarter 2012, according to the Texas Association of Realtors’ latest Texas Quarterly Housing Report, which was issued this week.
For January through March 2012, the volume of single-family home sales in Texas was 45,502, 12 percent more than the same quarter in 2011. The median price for Texas homes during the quarter was $147,100, up 2.7 percent more than a year ago.
Months inventory was at six months. Experts say a 6.5-month inventory represents a balanced market.
Read more...Texas Housing Market Picking Up via Real Estate Center at Texas A&M University
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