The Texas 住房 market has cooled slightly, with home sales down 3.5% in the third quarter compared to last fall’s extraordinary market. The total number of homes sold dipped to 115,272.
“Although we’re seeing a slight decline in homes sold from the same period a year ago, it’s important to remember we’re comparing to 2020’s record-breaking numbers,” said 德州2021十大正规彩票app经纪人® Chairman Marvin Jolly. 在整个州, we’re still experiencing strong demand for 住房, and 买家 are moving to Texas from all over the nation.”
德州2021十大正规彩票app经纪人® has released the 2021-Q3 德克萨斯州季度住房报告. The median sales price of a Texas home leapt 16.自去年秋天以来上涨了9%，至31万美元. Approximately 30% of homes were priced between $200,000 and $299,999.
The 住房 frenzy due to the pandemic has possibly peaked, 路易斯·托雷斯说, research economist with the Texas Real Estate 研究 Center at Texas A&米大学. “Home prices and homes sales are beginning to slow. In addition, months of inventory and home listings have reached a trough and are now increasing. 仍然, 2021年的剩余时间, the 住房 market will be characterized by strong demand with low inventories accompanied by strong price growth, 尽管速度较慢.”
房屋库存降至1.6 months in the third quarter, down 2.3 months from the third quarter of 2020. The research center cites 6 to 6.5个月的平衡市场.
阅读报告: mxrdf.com.
The market problem I see is that the inventory for affordable 住房, especially for first time 买家 is too low. When an acceptable property is listed, the seller gets multiple offers, and the poor buyer is fighting for a chance. Since no counter offers are coming, 买家 never know if they are bidding against themselves when they are in competition for a home. Going well over list also means the buyer needs a large down payment to help them when the property does not appraise at sales price. Many of these prospects simply give up and renew a lease. 同时,… 阅读更多»
Real estate is local but inventory, especially in affordable price ranges, is still extremely low and the difference in 1.6个月零2.3 months just means there are only 12 over list price offers instead of 25. It is going to take some time for this supply / demand imbalance to play out.