Katherine Feser of Houston Chronicle Reports Texas Home Sales are Strong

August 4, 2015

The Houston area makes up one out of every four single-family home sales in Texas. In the second quarter Houston saw a slight drop in sales activity while other markets contributed to a statewide gain.

Sales in Texas reached 88,906 which is a 4.7 percent gain year-over-year as reported by the Texas Association of Realtors' 2015-Q2 Texas Quarterly Housing Report.

The metro areas that posted double-digit gains were: Amarillo, Beaumont, El Paso, San Angelo, San Antonio, Texarkana & Wichita Falls. Houston, which had a record month in June, registered 22,823 single-family home sales for the entire second quarter which is a 1.4 percent drop over the second quarter of 2014.

Dallas saw sales increase by 4.4 percent to 27,008 in the second quarter. Austin posted a 1.9 percent gain to 9,047 sales.

"The impact of lower oil prices continues to be delayed, leading to a surprisingly strong second quarter," Scott Kesner, chairman of the Texas Association of Realtors, said in a statement.

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Homes for sale in The Reserve at Clear Lake City development near El Dorado and Clear Lake City boulevards.








The Opportunity

The lack of liquidity in the market, combined with continuing loan maturities, has created the "perfect storm" in many real estate markets in the United States.