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August Housing Data Across Texas

1,954 Views | 10 Replies | Last: 2 yr ago by Red Pear Realty
Red Pear Realty
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Houston





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According to the Houston Association of Realtors (HAR) August 2021 Market Update, single-family homes sales rose 8.5 percent versus last August, with 9,890 units sold. That is up from 9,118 sales in August 2020. On a year-to-date basis, local home sales are 17.4 percent ahead of 2020's record pace.

Homes priced from $500,000 to $750,000 held the lion's share of sales volume with a 48.5 percent year-over-year increase. That was followed by the $250,000 to $500,000 segment, which rose 31.8 percent. The luxury segment, comprised of homes priced at $750,000 and above, saw a 30.5 percent year-over-year jump in sales. The single-family home average price increased 14.0 percent to $380,233 and the median price climbed 15.2 percent to $310,000. Pricing has eased a bit since setting record highs in June.

Sales of all property types rose 9.2 percent year-over-year, totaling 12,036. Total dollar volume for August shot up 26.7 percent to $4.3 billion.


https://www.har.com/content/newsroom?pid=1795
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RockOn
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Looking forward to Tyler data - it appeared to be another strong month
74Ag1
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AG
Is there data on Farm and Ranch Property in Austin-Washington county?
Thanks
Red Pear Realty
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To my knowledge, none of the MLS's segregate and present data for farm and ranch properties, but the Texas A&M Real Estate Center does. You can look up county by county here (they even present some data for other states also). I can also run sales comps for you any time.

Here is Washington County:

https://www.recenter.tamu.edu/data/rural-land/#!/state/Texas/lma/Brazos_(LMA_27)
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Red Pear Realty
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RockOn said:

Looking forward to Tyler data - it appeared to be another strong month

Tyler

The Tyler market is going to continue to strengthen over time. I'm not sure inventory is actually at zero months, but it sure has gradually been approaching zero since March 2020.








https://dds.terradatum.com/public/market-area-trends/greater-tyler-association-of-realtors/MTEvMjE=/?search=normal&areaType=ALL&areaValueList=&timePeriod=mth&timePeriodValue=37&propertyClassList=ALL&search_enable_flag=MQ==
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Red Pear Realty
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Bryan-College Station

  • 0.9 months of inventory in College Station is the lowest I believe I've seen outside of Austin
  • College Station didn't seem to have the price bumps that Bryan did earlier in the year, so maybe that inventory number is a sign of future value pops









https://www.bcsrealtor.com/index.php?submenu=areaHousingStatistics&src=gendocs&ref=AreaHousingStatistics&category=forConsumers
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SteveBott
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AG
Wow .9 in CS. That is beyond crazy.
Red Pear Luke (BCS)
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DFW Market Stats:

North Texas in general




WestTexasAg
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AG
How is the greater Lubbock area looking?
74Ag1
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AG
Thanks
RockOn
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Calculated inventory very well might be 0. Move-in ready homes are basically under contract or with bids before they hit MLS. The only things that stay on the market are project homes.
Red Pear Realty
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Austin



Quote:

AUSTIN, Texas According to the Austin Board of REALTORS (ABoR) August 2021 Central Texas Housing Report, home sales decreased 4.6% compared to August 2020. The data indicates the market is calming as typical seasonality has returned in terms of number of closings, even as median sales prices maintained the gains made over the course of 2021. Despite setting a record for the month of August with a median sales price of $470,000 across the MSA, prices are no longer increasing at a significant rate month to month.

"The region's housing market is calming compared to the hectic pace experienced at the beginning of the year," Susan Horton, 2021 ABoR President, said. "While it wouldn't be appropriate to say market conditions are normalizing inventory is still at an all-time low and homes are still selling as soon as they hit the market August's housing activity is closer to what we would typically experience in the fall. Homebuyers, sellers and renters should work with a REALTOR who can be a trusted advisor and help them navigate what is still a still very complex process."

https://www.abor.com/august-2021-central-texas-housing-market-report
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