Demand for existing homes in Texas surged again in second quarter 2013, and the median price hit another all-time high.
According to the Texas Quarterly Housing Report, released yesterday by the Texas Association of Realtors (TAR), 79,760 single-family homes were sold in the second quarter — 17.8 percent more than the same quarter last year and the most homes sold in a single quarter since TAR began issuing its quarterly housing report four years ago. The surge in demand was widespread, with 43 of the 47 markets included in the report showing an increase in sales compared with last year.
“The first half of the summer selling season has been very busy for Texas real estate,” said TAR Chairman Shad Bogany. “Demand for homes steadily increased throughout the state, which has prompted competition for properties and is boosting prices.”
Read more...Texas Housing Demand Continues via Real Estate Center at Texas A&M
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