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Report: Homes Across Texas Holding Value

By: Bigcountryhomepage.com Staff Reports
Updated: November 1, 2011
The Texas Quarterly Housing Report reports that Texas homes continued to hold their value as sales jumped up in the third quarter of 2011.

For the period of July through September 2011, the volume of single-family home sales in Texas was 58,019, nearly 18 percent more than the same quarter in 2010. Real estate prices remained flat in the third quarter with the median price statically unchanged from Q3-2010 at $151,800 and the average price down less than one percent to $197,833.

Jim Gaines, an economist with the Real Estate Center at Texas A&M University, said, quoting here - "The market is starting to look like it did before the real estate boom and bust."

Texas had 7.4 months of inventory in the third quarter of 2011 compared to 8 months in Q3-2010. That figure, driven down by the decrease in the number of listings, is considered to be the high point of a balanced market by the Real Estate Center.

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