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Texas Real Estate Statistics for Q3-2021 November 2, 2021 by Republic Title with no comment ResourcesStats Texas REALTORS has released their Q3 2021 Texas Quarterly Housing Report. Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR® associations and their MLSs, and Texas REALTORS®, with analysis by the Texas Real Estate Research Center at Texas A&M. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in Texas. Texas real estate statistics for Q3-2021: Statewide, median home prices were up 16.9% to $310,000 115,272 homes were sold in Texas, a 3.5% decrease compared to Q3-2020. Of all homes sold in the third quarter of 2021, 29.5% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions. Housing inventory in Texas dropped to 1.6 months in Q3, a decline from 2.3 months in 2020-Q3. Although we’re seeing a slight decline in homes sold year-over-year, it’s important to remember we’re comparing to 2020’s record-breaking numbers. Across the state, we’re still experiencing strong demand for housing, and buyers are moving to Texas from all over the nation. Our housing supply remains stretched, but we’re not seeing as many properties with a frenzy of offers above asking price like earlier in the year. Regardless, buyers in many markets still may find it challenging to get their offers accepted. You can read the full report by visiting texasrealestate.com or clicking here. Tags: No tags Previous Post Texas Housing Insight – August 2021 Summary Next Post November Class Calendar Comments are closed. RECENT POSTS 2021 Holiday Events in DFW November Landscape & Gardening Tips & To-dos October 2021 DFW Area Real Estate Stats How to Create Instagram Posts for Your Real Estate Business with Canva November Class Calendar ARCHIVES November 2021 October 2021 September 2021 August 2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 November 2018 CATEGORIES ASK THE EXPERT COMMERCIAL RESOURCES CYBER SECURITY DIGITAL SETTLEMENT EDUCATION INSIDE REPUBLIC TITLE REAL ESTATE ARTICLES RESOURCES SOCIAL MEDIA STATS TECHNOLOGY TITLE INFORMATION UNCATEGORIZED VIDEO SEARCH HOME LOCATIONS CAREERS PRIVACY POLICY JOIN OUR EMAIL LIST © COPYRIGHT 2021 REPUBLIC TITLE CORPORATE OFFICE – 2701 W. PLANO PARKWAY, SUITE 100 – PLANO, TEXAS 75075 (972) 578-8611