According to the Texas Association of Realtors, home sales are up in 6% in the 4th quarter of last year. The Association also discovered that for the month of February, home sales are up nearly 12 percent from the already 6% increase in the last quarter of 2011.
Single-Family Home Sales Up 6% in Texas: Report
The Lone Star State by and large boasted signs of strength in housing in February, with single-family home sales ticking up 6 percent in the fourth quarter last year.
The Texas Association of Realtors revealed a blend of varying averages for home sales and values in a quarterly housing report it released this week.
Citing several sources, the association found home sales lifting by 12 percent in February, with average prices declining 0.7 percent. It said that sales in Houston and Dallas each rose and fell by 1 percent.
“Even though prices are relatively stable, realtors and homeowners alike are getting ready for the 2012 real estate season, and with more people shopping for houses, more people will also be shopping for loans,” the association said in a statement.
“A flat Texas market isn’t bad news for homeowners,” the association said, adding: “With the number of Texas homes sold on the rise, some real estate agencies are even speculating that the 2012 real estate season will mark the end of the housing market recession.”
Earlier Friday, the Commerce Department reported new home sales falling 1.6 percent nationally in February.