Texas Q3 Housing Report | Texas Home Sales Continue to Beat Records

Texas Home sales across the State of Texas collectively nudged out last year's Q3 record breaking sales results by .2%. Medium home price increased by 7% to $214,000. Still in most populated Texas Cities, the number of home sales were flat or declined compared to the same quarter in 2015, but nonetheless, home prices in these urban areas continued to rise, with Dallas Fort Worth seeing an aggregate 9.4% home price increase and Sherman Denison seeing a larger home price increase at 13.6%

With a major political change underway across the U.S.A, and with U.S. stock markets signaling future economic confidence, the Texas urban city pause (slightly lower home sales than in 2015) seen in Q3 2016, may just be short term protective consolidation ahead of the U.S. elections, held earlier this month. If indeed job repatriation does boost U.S. GDP percentages in the coming years, that change should bode well for the general U.S. economy and with it housing.

To view full report, courtesy of the Texas Association of Realtors and the Texas A&M Real Estate Center, please click the graphic below.