TEXAS REAL ESTATE CONTINUES TO IMPROVE

 

The Texas Association of Realtors has issued their 3rd quarter report for this year. Once again there is good news for property values in Texas. Their survey found that Texas again for five straight quarters had increases in sales volume and prices for single-family homes.

The stats are these. 66,746 homes were sold in the 3rd quarter which is 14.17% more than in the same quarter last year. The median sales price was $161,400. Again, this is 6.46% higher than last year at the same time.

The realtors are quite optimistic.

To quote Joe Stewart, chairman of the Texas Association of REALTORS®, who said “Texas has been leading the nation economically and these third quarter results are more evidence that a strong real estate market is driving prosperity in our state. With the 83rd Texas Legislature around the corner, we must continue the homeowner-friendly policies that have created that strength and find new ways to support private-property rights in Texas.”

If you are acquiring new residential investment property in the Arlington area and are looking for a property management firm, Herman Boswell Property Management is the best choice. We have a proven track record of over 37 years of helping property owners handle their properties.

Just call us.