In a recent article from Culture Map Houston, the Texas real estate market was one of the prominent topics. In the fourth quarter of 2014, single family home sales experienced a large growth, reportedly one of the best years in Texas real estate history. Statewide sales in 2014 were up about 8 percent when compared to the previous year.
In last year’s fourth quarter, the average price of a Texas home was $185,900, which is a 7.76 percent increase from the fourth quarter of 2013. Narrowing the scope down, Houston showed promising momentum as well. Home sales in Houston were up by 7.66 percent from the previous year, recording almost 20,000 homes sold. Additionally, the city’s median home price grew 9.22 percent.
It is clear from the fourth quarter of 2014 and the first quarter of 2015 that the Texas real estate market is breaking records. The momentum of home sales has remained strong, and it is estimated to continue.