February 26, 2020 — Austin

For the fifth consecutive year, the Texas housing market broke records in terms of the number of homes sold and median price, 根据 2019 Texas Real Estate Year in Review 报告 released today by Texas REALTORS®.

“There is no doubt that the Texas housing market continues to shine, as detailed in this 报告 boasting sustained demand and price appreciation,Cindi Bulla说, 2020 chairman of Texas REALTORS®. “然而, two of every three homes being sold are now more than $200,000, which puts homeownership out of reach for many Texans. This continued challenge is a top priority of Texas REALTORS®, as affordability needs to be addressed before it becomes a crisis.”

Home sales across the state increased 4% in 2019, with 357,238 homes sold. This is a smaller increase than the 4.2018年增长4%.

Median home price increased 3.2% from the prior year to $240,000. Price class distribution showed that the largest percentage of homes sold across the state (33.1%) fell in the $200,000-$299,000 price range.

吉姆·盖恩斯博士.D., chief economist with the Real Estate Center at Texas A&M University, explained, “2019 was another record-breaking year in Texas real estate. We saw the rates of increase for median price and sales volume normalize. The national housing market is predicted to be one of the strongest parts of the economy this year, and in Texas we’re expecting another record-breaking year as home construction picks up and interest rates remain low.”

Housing inventory across the state decreased 0.1个月至3个月.1 months of inventory in 2019. According to the Real Estate Center, a market balanced between supply and demand has between 6.0和6.5 months of inventory.

Homes spent an average of 59 days on the market, one day more than 2018. Active listings statewide increased 5.8% from 2018 to 2019.

Chairman Bulla concluded, “Texas REALTORS® are partnering with cities, 县, state legislators and private entities to address supply solutions and identify homeownership opportunities for Texas consumers in price ranges affordable to our primary labor force.”