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Texas housing demand diversifies amidst steady home sales growth in 2016

Texas REALTORS® releases 2016 Texas Annual Housing Report

December 01, 2016 — Austin, Texas

的 demand for Texas real estate grew in 2016 with robust sales activity among several types of property, 根据 Texas Annual Housing Report released today by the Texas REALTORS®.

“Texas is a national leader in real estate growth, housing demand and development, which attracts homebuyers from across the country and around the globe,莱斯利说。 Rouda Smith, chairman of the Texas REALTORS®. “德州的多元化经济, rapid population growth and high quality of life continue to fuel home sales activity across the state.”

Texas real estate demand increased among first-time homebuyers, single women and international homebuyers over the last year. 的 Texas Homebuyers and Sellers Report showed that 30 percent of homebuyers in Texas were first-time homebuyers and that single women were twice as likely to purchase a home than single men.

根据 Texas International Homebuyers Report, Texas real estate is increasingly in demand among international homebuyers from Asia. International homebuyers from India purchased more homes in Texas than any other state, with one in five homebuyers from India purchasing a home in Texas.

Condominiums, new homes, luxury homes and small land parcels also saw higher demand. 的 Texas Condominium Mid-Year Sales Report showed condominium sales experienced double-digit growth in most of Texas’ major metropolitan areas in the first half of 2016.

Small land sales were the highest-performing segment of Texas real estate, with small land sales volume increasing nearly 19 percent year over year. 根据 Real Estate Center at Texas A&米大学, Texas families are increasingly viewing small land purchases as a wise investment strategy as well as making land purchases for a second home, recreational property or agricultural operation.

New-home sales activity continued at a strong pace in 2016. 的 Texas Homebuyers and Sellers Report showed that 30 percent of Texas homes purchased in a 12-month period were new homes, while the Texas Luxury Home Sales Report showed that sales of homes priced $1 million and higher continued to rise throughout the state.

2016年版的 Texas Quarterly Housing Report indicated that the total number of Texas home sales is on track for another record year in 2016. Texas home sales posted modest but steady gains throughout the year, while statewide housing inventory continued to remain low.

史密斯主席总结道, “的 continued growth of the Texas housing market this year despite a slowing Texas economy has been remarkable. 和2016年一样, housing development and affordability will remain key areas of focus throughout the state next year.”

About the Texas Real Estate Year in Review Report

数据 Texas Real Estate Year in Review Report is provided by the Data Relevance Project, a partnership among local Realtor associations and their MLSs, 和Texas REALTORS®, with analysis by the Texas Real Estate 研究 Center. Additional data comes from Freddie Mac, Moody's Analytics, Zonda, the U.S. 人口普查,圣. Louis Federal Reserve, and Google Mobility. 的 report provides annual real estate sales data from a statewide perspective and for 25 metropolitan statistical areas in Texas. .