{"id":72563,"date":"2019-10-31T10:00:00","date_gmt":"2019-10-28T15:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-texas-housing-market-experiences-steady-increases-in-home-sales-median-price-during-third-quarter-of-2019\/"},"modified":"2019-10-31T10:03:02","modified_gmt":"2019-10-31T14:03:02","slug":"el-mercado-de-la-vivienda-en-texas-experimento-aumentos-estables-en-las-ventas-de-viviendas-y-en-el-precio-medio-durante-el-tercer-trimestre-de-2019","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/el-mercado-de-la-vivienda-en-texas-experimento-aumentos-estables-en-las-ventas-de-viviendas-y-en-el-precio-medio-durante-el-tercer-trimestre-de-2019\/","title":{"rendered":"Texas housing market experiences steady increases in home sales, median price during third quarter of 2019"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">Oct. 28, 2019<\/span> \/PRNewswire\/ &#8212;\u00a0Texas home sales and median price experienced steady increases during the third quarter of 2019, according to the 2019-Q3 <i>Texas Quarterly Housing Report<\/i> released today by Texas Realtors. <\/p>\n<div id=\"prni_dvprnejpg89adleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg89adleft\" title=\"Texas Association of Realtors logo.\" border=\"0\" alt=\"Texas Association of Realtors logo.\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg  \" imagelabel=\"General\"\/><\/div>\n<p>&#8220;<span class=\"xn-location\">Texas<\/span> ended the summer selling season with continued growth in home sales and median price in most of the major markets,&#8221; said <span class=\"xn-person\">Tray Bates<\/span>, chairman of Texas Realtors. &#8220;Our housing market remains healthy due to strong demand and steady increases in housing inventory.&#8221;<\/p>\n<p>During the third quarter of this year, 100,733 homes were sold in <span class=\"xn-location\">Texas<\/span>, an increase of 6.4% compared to the third quarter of 2018. Statewide, the median price increased 4.3% to <span class=\"xn-money\">$245,000<\/span>. Of all the homes sold within the third quarter, 33.4% were priced from <span class=\"xn-money\">$200,000<\/span> to <span class=\"xn-money\">$299,999<\/span>, the highest share of sales among all price-class distributions. Homes priced from <span class=\"xn-money\">$100,000<\/span> to <span class=\"xn-money\">$199,999<\/span> represented the second-highest share of sales with 26.9%.<\/p>\n<p><span class=\"xn-person\">Jim Gaines<\/span>, Ph.D., chief economist with the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, commented, &#8220;The <span class=\"xn-location\">Texas<\/span> housing market continued to spur strong demand during the third quarter. Based on sales activity, we saw prices, months of inventory and active listings all experience significant growth in most of the markets across the state. During the remainder of the year, we expect attractive interest rates to incentivize homebuyers. In addition, new home construction will continue to pick up in markets such as <span class=\"xn-location\">Houston<\/span> and <span class=\"xn-location\">Dallas<\/span>, leading to an increase in housing inventory availability.&#8221;\u00a0\u00a0 <\/p>\n<p>There were 111,013 active listings in the third quarter, a 3.5% increase from the third quarter in 2018. <span class=\"xn-location\">Texas<\/span> homes spent an average of 54 days on the market during the third quarter this year, which is two days longer than the same period last year.<\/p>\n<p>Statewide, housing inventory increased to 3.8 months of inventory, an increase of 0.1 months from 2018-Q3. According to the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, a market balanced between supply and demand has between 6.0 and 6.5 months of inventory.<\/p>\n<p>Chairman Bates concluded, &#8220;Real estate transactions are based on individual needs of the buyer or seller versus the overall market condition. Currently, the <span class=\"xn-location\">Texas<\/span> housing market has significant opportunities available for homebuyers. However, tight inventory can make negotiating tricky, and if done incorrectly, can create a disadvantage for either party. By working with a Texas Realtor, both buyers <i>and <\/i>sellers can ensure that they&#8217;re provided with tools to successfully navigate a real estate transaction.&#8221;<\/p>\n<p><b>About the Texas Quarterly Housing Report<\/b><br \/>Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local\u00a0REALTOR\u00ae\u00a0associations and their MLSs,\u00a0and Texas\u00a0REALTORS\u00ae, with analysis by the Real Estate Center at Texas A&amp;M.\u00a0The report provides quarterly real estate sales data for <span class=\"xn-location\">Texas<\/span> and 25 metropolitan statistical areas in <span class=\"xn-location\">Texas<\/span>. The Texas Real Estate Year-in-Review Report in February is\u00a0released in lieu of the Q4 report each year.<\/p>\n<p><b>About Texas REALTORS\u00ae<\/b><br \/>With more than 130,000 members, Texas REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. We are the advocate for REALTORS\u00ae and private property rights in <span class=\"xn-location\">Texas<\/span>. Visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2621653-1&amp;h=2852744463&amp;u=https%3A%2F%2Fwww.texasrealestate.com%2F&amp;a=texasrealestate.com\" rel=\"nofollow\">texasrealestate.com<\/a>\u00a0to learn more.<\/p>\n<p>Contact: <br \/><span class=\"xn-person\">Morgan Moritz<\/span> <br \/>1-512-448-4950 <br \/><a target=\"_blank\" href=\"mailto:mmoritz@piercom.com\" rel=\"nofollow\">mmoritz@piercom.com<\/a> <\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2621653-1&amp;h=1116100515&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg<\/a> \u00a0<\/p>\n<p>SOURCE  Texas REALTORS<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">Oct. 28, 2019<\/span> \/PRNewswire\/ &#8212;\u00a0Texas home sales and median price experienced steady increases during the third quarter of 2019, according to the 2019-Q3 <i>Texas Quarterly Housing Report<\/i> released today by Texas Realtors. <\/p>\n<div id=\"prni_dvprnejpg89adleft\" dir=\"ltr\">&lt;img id=&quot;prnejpg89adleft&quot; title=&quot;Texas Association of Realtors logo.&quot; border=&quot;0&quot; alt=&quot;Texas Association of Realtors logo.&quot; align=&quot;middle&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":72564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-72563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=72563"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/72563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/72564"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=72563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=72563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=72563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}