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Prices also are still on the rise, increasing 1.8% month over month, or by almost $6,000, the Texas A&M report found. Overall, 56% of home sales were priced between $200,000 and $400,000.
In 2022, homes for sale in Texas were being scooped up in a matter of days, but it's now taking months for sellers to find a buyer, according to James Willoughby, a real estate agent based in Austin.
Texas and Florida secured seven of the top 10 best buyers’ markets in the U.S. while most of the country’s 50 largest cities are still in favor of sellers, the Zillow report shows.
“In today’s housing market, the typical 25-34 year-old buyer would only spend about 25% of their income on housing in Wichita falls, less than the 30% rule-of-thumb.” 2. Lockhart
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Last month the median price for homes sold in Central Texas was $443,065, up 1.2% year-over-year. Austin's median sales price was $543,200, down 2.8%.
The frozen housing market shows few signs of thawing as 2025 begins New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued ...
A historically high number of new homes are up for sale in the US South, thanks largely to Florida and Texas. There were 293,000 newly built houses still on the market in that part of the country ...