Texas home sales continue to grow while housing inventory increases in the first quarter of 2019

The number of homes sold across Texas continued to rise and median price moderately increased during the first quarter of 2019, according to the 2019-Q1 Texas Quarterly Housing Reportreleased today by Texas Realtors. "Housing market activity in Texas continues to break records," said Tray Bates, chairman of Texas Realtors. "The number of sales and median price aren't going up as steeply as in recent years, but Texas real estate remains in high demand as the Lone Star State continues to be a popular place to live and do business." During the first quarter of this year, 70,827 homes were sold in Texas, an increase of 0.7% compared to the first quarter of 2018. Statewide, the median price increased 2.7% to $230,000. Of all the homes sold in the first quarter in 2019, 32% were priced from $200,000 to $299,999, the highest share of sales among all price-class distributions.

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