February 21, 2017 — Austin
Texas home sales volume and home prices reached all-time highs for the second year in a row in 2016, 根据 2016 Texas Real Estate Year in Review Report released today by the Texas REALTORS®.
“Strong gains in end-of-year home sales activity were a key factor in making 2016 another record year for Texas real estate,维姬·富勒顿说, chairman of the Texas REALTORS®. “Last year’s record home sales activity was fueled by the momentum of multiple years’ strong job and population growth across the state, despite the fact that Texas job and economic growth began to slow in 2016.”
Texas home prices rose steadily throughout last year, with the median price in 2016 increasing 7.7 percent from the year prior, to $210,000. Over the same timeframe, Texas also experienced continued growth in home sales volume, 增加了4.6 percent to 324,924 homes sold in 2016.
吉姆·盖恩斯博士.D., chief economist with the Real Estate Center at Texas A&米大学, 解释, “The 2017 Texas housing market is projected to keep pace with last year’s strong levels, but it may be difficult to match 2016 levels due to current housing supply levels. Household incomes are rising at a disproportionally low rate than home prices, creating housing affordability challenges across the state. 在房屋发展方面, labor shortages and regulatory barriers are slowing construction and in turn, driving up new home prices.”
The state’s low housing inventory level remained consistent with the prior year, ending at 3.3 months of inventory in December 2016. According to the Real Estate Center at Texas A&米大学, a market balanced between supply and demand has between 6.0和6.5个月的库存.
Texas homes also continued to spend approximately the same length of time on the market in 2016, 平均58天, and active listings increased 6 percent from 2015 to 2016.
Chairman Fullerton concluded, “Rising home prices and skyrocketing property taxes are driving up the cost of homeownership at an alarming rate. Growth in property values makes homeownership a strong investment, but must be balanced by lower tax rates so that Texans are not being forced out of their homes. The Texas REALTORS® urges state legislators to pass legislation that ensures an honest and transparent conversation occurs at the local level if more tax revenue is needed and gives property owners the right to decide when their tax rates should be raised.”