The Texas real estate market had a great August, selling almost 10% more resale homes than that of 2017. While not as robust, so far 2018 has seen 4.0% more resale homes sold across Texas. When we take a look at the entire country, while still outpacing August 2017, August 2018 only say a 0.7% increase in the number of resale homes sold. Even with such a discrepancy in the number of homes sold, the median price saw a fairly similar change in Texas and across the country. Increasing 4.3% and 4.6% respectively. Additional statistics for Texas and the U.S. can be found below. Be sure to check on the Austin market by visiting here to review our local sales stats.
If you have plans to buy or sell in the near future, I’d love the opportunity to earn your business. While the fall season can be a bit slower pace than the peak summer season, there will still be plenty of opportunities coming. To get started, please contact me at 512-650-7300, email me, or use the comment box below.
| Number of Homes Sold | 2018 | 2017 | Change |
| Current Month | 34,069 | 31,016 | 9.8% |
| Year-to-Date | 237,916 | 228,874 | 4.0% |
| Price of Homes Sold | |||
| August Median Price | $236,000 | $226,271 | 4.3% |
| August Average Price | $290,399 | $275,769 | 5.3% |
| Housing Inventory | |||
| Months Supply | 3.9 | 4.0 | -0.3% |
| # Homes for Sale | 113,271 | 110,647 | 2.4% |
| Number of Homes Sold | 2018 | 2017 | Change |
| August (actual) | 539,000 | 535,000 | 0.7% |
| August (seasonally adjusted annual rate) | 5,340,000 | 5,420,000 | -1.5% |
| Compared to July 2018, sales were up 3.1% for actual sales and unchanged on a seasonally adjusted basis. | |||
| Price of Homes Sold | |||
| August Median Price | $264,800 | $253,100 | 4.6% |
| August Average Price | $303,200 | $294,400 | 3.0% |
| Housing Inventory | |||
| Months Supply | 4.3 | 4.1 | 4.9% |
| # Homes for Sale | 1,920,000 | 1,870,000 | 2.7% |
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