The Woodlands Real Estate Blog

THE WOODLANDS, TX - In third quarter, real estate in Texas experienced notable gains. These ranged from increased home sales to rising property values, and they are expected to continue in the near future.

During the three-month period, there were 66,746 single-family home sales across the state, according to a report from the Texas Association of Realtors. This marked a 14.16 percent increase from the previous quarter.

Meanwhile, median home prices rose 6.46 percent from a year earlier to $161,400, the report said. Rising property values may have been the direct result of a thinning inventory. In the third quarter, the entire state had just a 5.5-month supply, which was a 1.9 percent decline from a year earlier.

On a local level, Houston real estate contributed greatly to the statewide gains. Buyers of homes in Houston and throughout the area, such as with homes in The Woodlands, should consider making the transition to homeownership, as these trends are expected to continue in the coming months.

For more information about real estate in Houston, please contact real estate agent Luis Tamborrel at (832) 482 93 67.

Source: 2mrealty.com