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The Texas housing market is ‘a bit better’ for spring buyers
https://www.texasstandard.org/stories/texas-housing-market-better-spring-buyers-inventory-up/
Texas Standard writes:
““Housing inventory has been building up for some time now. And what we are seeing is that in recent months, it fast accelerated to levels not seen in a long time.”
Right now, the median home sale price in Texas is about $328,000. It sounds like a lot, but not only is that about $70,000 less than the national average, it’s also a figure that’s been ticking down in recent years as home sales have slowed down and units have been sitting on the market for longer.
In fact, the Texas Real Estate Research Center at Texas A&M University says that “conditions have shifted in favor of homebuyers” as what has historically been a spring home buying season gets underway.
Yanling Mayer, a housing economist at the research center, joined the Standard with a look at the market.”
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