Realtors in College Station, Austin, and other parts of Texas are looking forward to a strong 2014 after ending 2013 on a very positive note. According to The Herald:
“The Texas real estate market showed strength in sales volume and price all year long and the fourth quarter was no exception,” said Dan Hatfield, chairman of the Texas Association of Realtors. “We’ve now seen year-over-year increases in both sales volume and price every quarter for more than two years. This makes it clear – demand for Texas homes is strong and enduring.”
According to the Texas Quarterly Housing Report, 60,998 single-family homes were sold in Texas in the fourth quarter of 2013, which is 6.78 percent more than the same quarter of 2012. During the same time frame, the median price for Texas homes was $172,600, up 8.48 percent from 2012-Q4, and the average price was up 8.88 percent to $226,216.
The article further states that continuous efforts in real estate marketing prove to be very effective as the demand for single-family homes across the state steadily increases coming into 2014. Real estate economist Jim Gaines, PhD., who was quoted in the article, also says that an increase in home prices may take place as a result of growing demand for available housing.
The positive gains from the previous year are indeed expected to carry over to the current year. In any case, experienced realtors in College Station, Texas—such as the Traditions Realty Team —don’t rest on their laurels and instead make it a point to provide clients with excellent listings of available homes at the best prices. Customers can also expect expert assistance throughout the home buying or selling process.
(Source: Texas Real Estate Market Finishes 2013 Strong with Fourth-Quarter Report from the Texas Association of Realtors, Real Estate Center: The Herald Online, 3 Feb, 2014)