More than 3 million homes have been sold in Texas, the average home price has risen by $ 112,000, according to the report.

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About one in four homes sold in Texas in the past decade have been sold in the Greater Houston area. Between 2011 and 2020, the Houston-Woodlands-Sugar Land Metropolitan Statistical Area sold 811,105 homes, according to report released Thursday by Texas Realtors.

Report, “A Decade of Texas Real Estate. ”Provides data on real estate sales in Texas and 25 statistical areas of Texas from 2011 to 2020. Real estate sales that occurred outside the MLS are not reflected in the report.

Over the 10-year period from 2011 to 2020, the average home price in the Greater Houston area increased by $ 105,500 from $ 154,500 in 2011 to $ 260,000 in 2020 – an increase of 68%.

Overall, 3,118,089 homes were sold in Texas over the decade, according to the report. Meanwhile, the state’s median home price increased by $ 112,200 from $ 146,988 at the end of 2011 to $ 259,188 at the end of 2020 – a 76% increase.

Announcement

Three quarters of Texas homes sold over the past decade were located in the state’s four largest metropolitan areas – Austin Round Rock, Dallas-Fort Worth Arlington, Houston-Woodlands-Sugarland, San Antonio-New Braunfels. The Dallas-Fort Worth-Arlington metro area, where 923,528 homes were sold, had the most homes sold in a ten-year period.

The report also details how time spent at home in the market has decreased in both the Houston area and the state as a whole.

In 2011, Texas homes had an average of 93 days on the market. That figure fell 44% to 55 days in 2020. By comparison, Houston homes spent an average of 89 days on the market in 2011 and an average of 54 days on the market in 2020.

Meanwhile, the average price per square foot rose more than 40% to $ 141 statewide, while in Houston, the average price per square foot rose from $ 83 in 2011 to $ 133 in 2020.

“For the past decade, we’ve had a vibrant real estate market in Texas,” said Marvin Jolly, chairman of Texas Realtors. “Some of the factors that have impacted real estate transactions and property ownership include massive population growth, natural disasters major and minor, new home technologies and, of course, the pandemic. Throughout all of this, realtors have helped buyers, sellers and property owners achieve their goals. ”

Announcement

Read the full report here

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