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Texas Condominium and Townhome Sales Decline, Median Price Increases from 2019 to 2020

Texas REALTORS® releases 2020 edition of Texas Condominium Sales Report

September 25, 2020 — Austin

Texas condominium and townhome sales from July 2019 to June 2020 declined compared to the same period the previous year, 根据 Texas Condominium Sales Report released today by Texas REALTORS®. 的 number of condominiums sold decreased 9.8% to 11,875 sales, while townhome sales declined 0.销售额为8,616,增长2%. 的 report analyzes condominium and townhome data for the entire state as well as Austin-Round Rock, 达拉斯-Fort Worth-Arlington, 埃尔帕索, 休斯顿-的 Woodlands-Sugar Land, McAllen-Edinburg-Mission 和圣安东尼奥-New Braunfels metropolitan statistical areas.

“的 slight decrease in sales volume is likely more a reflection of supply than demand,Cindi Bulla说, chairman of Texas REALTORS®. “的se properties remain a popular and rapidly growing sector of the Texas housing market. As the Texas population continues to boom and affordability challenges increase, condominiums and townhomes provide prime options for homeowners seeking closer locales to popular attractions and essential services at all price points.”

Inventory for Texas condominiums increased 0.3个月至5岁.3 months of inventory, while the inventory of townhomes declined 0.6个月至4个月.3 months of inventory. According to the Real Estate Center at Texas A&M University, a market balanced between supply and demand has between 6.0和6.5个月的库存. In the first six months of the year, Texas condominiums spent an average of 70 days on the market, while townhomes spent an average of 64 days on the market.

From July 2019 to June 2020, the total dollar volume of condominiums and townhomes sold in Texas was $5,259,859,880, 2美元,997,908,303 in condominium sales and $2,261,951,577 in townhome sales.

Sales price increased moderately for both condominiums and townhomes. 全州, the year-to-date median sales price as of June 2020 was $192,000美元的公寓, an annual increase of 1.6%, and $230,000 for townhomes, an annual increase of 1.3%. 的 average price-per-square foot during this time frame was $200 for condominiums and $143 for townhomes.

大疱的结论, “From first time homebuyers looking to purchase a starter property to retirees looking for less upkeep, condominiums and townhomes offer an affordable price point in high-density urban areas.”

About the Texas Condominium Mid-Year Sales Report

的 Texas Condominium Mid-Year Sales Report is based on data from the Real Estate Center at Texas A&M University and analyzes condominium and townhome sales data for Austin, 达拉斯, 休斯顿, 和圣安东尼奥. Texas REALTORS® distributes insights about the Texas housing market each month, including quarterly market statistics, trends among homebuyers and sellers, 豪宅销售, 国际趋势, 和更多的.