Housing Report Covering 2017-Q1 Release date: May 2, 2017 Contact: Danielle Urban Pierpont Communications 512-448-4950 durban@piercom.com About the Texas Quarterly Housing Report Data for the Texas Quarterly Housing Report is provided by the Data Relevance Project, a partnership among local REALTOR associations and their MLSs, the Real Estate Center at Texas A&M University, and the Texas Association of REALTORS. The report provides quarterly real estate sales data for Texas and 25 metropolitan statistical areas in Texas. The Texas Real Estate Year-in-Review Report in February and the Texas Real Estate Mid-Year Report in August are released in lieu of the Q2 and Q4 reports each year. About the Texas Association of REALTORS With more than 100,000 members, the Texas Association of REALTORS is a professional membership organization that represents all aspects of real estate in Texas. We advocate on behalf of Texas REALTORS and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit TexasRealEstate.com to learn more.
9.4 $213,325 Statewide $0 - $99,999 11.0 $100,000 - $199,999 34.6 $200,000 - $299,999 27.1 $300,000 - $399,999 13.4 $400,000 - $499,999 6.2 $500,000 - $749,999 5.0 $750,000 - $999,999 1.3 $1,000,000+ 1.3 6 98,399 in 2017 Q1 4.6 68,420 in 2017 Q1 Days on market 64 Days to close 35 Total 99 3 days less than 2016 Q1 3.6 Compared to 3.5 in 2016 Q1
1.4 $150,000 Abilene MSA $0 - $99,999 26.9 $100,000 - $199,999 43.7 $200,000 - $299,999 23.0 $300,000 - $399,999 3.7 $400,000 - $499,999 1.2 $500,000 - $749,999 1.0 $750,000 - $999,999 0.2 $1,000,000+ 0.2 1.9 10.4 656 in 2017 Q1 487 in 2017 Q1 Days on market 67 Days to close 38 Total 105 2 days more than 2016 Q1 3.5 Compared to 3.8 in 2016 Q1
3.3 $155,000 Amarillo MSA $0 - $99,999 19.0 $100,000 - $199,999 52.3 $200,000 - $299,999 19.8 $300,000 - $399,999 4.7 $400,000 - $499,999 2.3 $500,000 - $749,999 1.2 $750,000 - $999,999 0.5 $1,000,000+ 0.3 19.5 Down 7.5 1,042 in 2017 Q1 665 in 2017 Q1 Days on market 54 Days to close 35 Total 89 12 days less than 2016 Q1 3.8 Compared to 3.2 in 2016 Q1
6.3 $285,000 Austin-Round Rock MSA $0 - $99,999 1.1 $100,000 - $199,999 16.0 $200,000 - $299,999 37.3 $300,000 - $399,999 20.6 $400,000 - $499,999 10.6 $500,000 - $749,999 9.7 $750,000 - $999,999 2.4 $1,000,000+ 2.3 16.3 3.9 6,795 in 2017 Q1 6,711 in 2017 Q1 Days on market 60 Days to close 36 Total 96 2 days less than 2016 Q1 2.5 Compared to 2.2 in 2016 Q1
4.2 $137,500 Beaumont-Port Arthur MSA $0 - $99,999 32.1 $100,000 - $199,999 45.0 $200,000 - $299,999 16.4 $300,000 - $399,999 4.5 $400,000 - $499,999 1.1 $500,000 - $749,999 1.0 $750,000 - $999,999 0.0 $1,000,000+ 0.0 Down10.7 Down 12.9 1,118 in 2017 Q1 666 in 2017 Q1 Days on market 88 Days to close 16 Total 104 11 days less than 2016 Q1 4.1 Compared to 4.4 in 2016 Q1
3.4 $122,000 Brownsville-Harlingen MSA $0 - $99,999 39.8 $100,000 - $199,999 40.1 $200,000 - $299,999 12.9 $300,000 - $399,999 3.1 $400,000 - $499,999 1.8 $500,000 - $749,999 1.8 $750,000 - $999,999 0.2 $1,000,000+ 0.4 Down1.7 1,848 in 2017 Q1 1.7 492 in 2017 Q1 Days on market 133 Days to close 31 Total 164 17 days more than 2016 Q1 10.2 Compared to 10.4 in 2016 Q1
5.6 $206,000 College Station-Bryan MSA $0 - $99,999 11.5 $100,000 - $199,999 35.6 $200,000 - $299,999 31.6 $300,000 - $399,999 11.0 $400,000 - $499,999 5.4 $500,000 - $749,999 4.1 $750,000 - $999,999 0.3 $1,000,000+ 0.6 25.7 13.2 885 in 2017 Q1 744 in 2017 Q1 Days on market 55 Days to close 36 Total 91 7 days more than 2016 Q1 3.2 Compared to 2.6 in 2016 Q1
6.1 $187,750 Corpus Christi MSA $0 - $99,999 14.8 $100,000 - $199,999 40.4 $200,000 - $299,999 25.3 $300,000 - $399,999 11.4 $400,000 - $499,999 4.3 $500,000 - $749,999 3.0 $750,000 - $999,999 0.5 $1,000,000+ 0.4 18.1 3,069 in 2017 Q1 Down 4 1,163 in 2017 Q1 Days on market 90 Days to close 37 Total 127 1 days less than 2016 Q1 6.8 Compared to 5.6 in 2016 Q1
13.3 $243,500 Dallas-Fort Worth-Arlington MSA $0 - $99,999 5.7 $100,000 - $199,999 29.5 $200,000 - $299,999 30.1 $300,000 - $399,999 17.0 $400,000 - $499,999 7.9 $500,000 - $749,999 6.4 $750,000 - $999,999 1.7 $1,000,000+ 1.7 7.3 2.4 17,907 in 2017 Q1 20,544 in 2017 Q1 Days on market 43 Days to close 34 Total 77 6 days less than 2016 Q1 2.2 Compared to 2.1 in 2016 Q1
5.7 $145,000 El Paso MSA $0 - $99,999 19.6 $100,000 - $199,999 59.3 $200,000 - $299,999 15.5 $300,000 - $399,999 3.3 $400,000 - $499,999 1.1 $500,000 - $749,999 0.9 $750,000 - $999,999 0.3 $1,000,000+ 0.1 Down1.8 3,421 in 2017 Q1 9.9 1,618 in 2017 Q1 Days on market 106 Days to close 37 Total 143 5 days less than 2016 Q1 5.6 Compared to 6.1 in 2016 Q1
Houston-The Woodlands-Sugar Land MSA 5.8 $220,000 $0 - $99,999 7.4 $100,000 - $199,999 35.5 $200,000 - $299,999 27.5 $300,000 - $399,999 14.8 $400,000 - $499,999 6.5 $500,000 - $749,999 5.2 $750,000 - $999,999 1.5 $1,000,000+ 1.7 12 6.7 25,581 in 2017 Q1 17,038 in 2017 Q1 Days on market 63 Days to close 35 Total 98 1 days less than 2016 Q1 3.8 Compared to 3.5 in 2016 Q1 2017 Houston Realtors Information Service, Inc. - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Houston Realtors Information Service, Inc.
5.1 $145,000 Killeen-Temple MSA $0 - $99,999 26.2 $100,000 - $199,999 49.7 $200,000 - $299,999 16.0 $300,000 - $399,999 4.9 $400,000 - $499,999 2.1 $500,000 - $749,999 1.1 $750,000 - $999,999 0.0 $1,000,000+ 0.1 Down2.1 2,129 in 2017 Q1 11.4 1,498 in 2017 Q1 Days on market 75 Days to close 39 Total 114 10 days less than 2016 Q1 3.6 Compared to 4.2 in 2016 Q1
Laredo MSA $149,500 Down6.9 $0 - $99,999 14.4 $100,000 - $199,999 61.4 $200,000 - $299,999 19.5 $300,000 - $399,999 2.5 $400,000 - $499,999 0.9 $500,000 - $749,999 1.3 $750,000 - $999,999 0.0 $1,000,000+ 0.0 3.8 Down 4.9 578 in 2017 Q1 251 in 2017 Q1 Days on market 72 Days to close 40 Total 112 5 days more than 2016 Q1 5.5 Compared to 5.4 in 2016 Q1
8.7 $149,500 Longview MSA $0 - $99,999 21.7 $100,000 - $199,999 58.1 $200,000 - $299,999 14.7 $300,000 - $399,999 3.4 $400,000 - $499,999 1.2 $500,000 - $749,999 0.9 $750,000 - $999,999 0.0 $1,000,000+ 0.0 26.9 Down 9.4 1,516 in 2017 Q1 336 in 2017 Q1 Days on market 109 Days to close 35 Total 144 1 days less than 2016 Q1 10.2 Compared to 8.1 in 2016 Q1
0.7 $144,000 Lubbock MSA $0 - $99,999 24.0 $100,000 - $199,999 50.1 $200,000 - $299,999 15.5 $300,000 - $399,999 5.7 $400,000 - $499,999 2.5 $500,000 - $749,999 1.9 $750,000 - $999,999 0.4 $1,000,000+ 0.0 Down0.1 780 in 2017 Q1 4.8 803 in 2017 Q1 Days on market 54 Days to close 33 Total 87 7 days less than 2016 Q1 2.4 Compared to 2.5 in 2016 Q1
McAllen-Edinburg-Mission MSA 10.8 $135,000 $0 - $99,999 27.0 $100,000 - $199,999 54.5 $200,000 - $299,999 13.8 $300,000 - $399,999 2.3 $400,000 - $499,999 1.6 $500,000 - $749,999 0.5 $750,000 - $999,999 0.3 $1,000,000+ 0.0 2.9 11.1 2,102 in 2017 Q1 660 in 2017 Q1 Days on market 104 Days to close 33 Total 137 2 days less than 2016 Q1 9.0 Compared to 9.0 in 2016 Q1
6.2 $239,000 Midland MSA $0 - $99,999 6.0 $100,000 - $199,999 31.1 $200,000 - $299,999 32.5 $300,000 - $399,999 15.8 $400,000 - $499,999 7.1 $500,000 - $749,999 6.1 $750,000 - $999,999 0.6 $1,000,000+ 0.8 Down 33 65.8 451 in 2017 Q1 663 in 2017 Q1 Days on market 68 Days to close 38 Total 106 6 days more than 2016 Q1 2.3 Compared to 3.8 in 2016 Q1
1.5 $169,450 Odessa MSA $0 - $99,999 12.8 $100,000 - $199,999 52.4 $200,000 - $299,999 26.0 $300,000 - $399,999 4.8 $400,000 - $499,999 3.2 $500,000 - $749,999 0.8 $750,000 - $999,999 0.0 $1,000,000+ 0.0 Down4.6 438 in 2017 Q1 18.3 259 in 2017 Q1 Days on market 76 Days to close 38 Total 114 16 days more than 2016 Q1 4.6 Compared to 5.0 in 2016 Q1
San Angelo MSA $154,000 Down6.7 $0 - $99,999 14.8 $100,000 - $199,999 53.2 $200,000 - $299,999 20.5 $300,000 - $399,999 7.2 $400,000 - $499,999 1.8 $500,000 - $749,999 2.5 $750,000 - $999,999 0.0 $1,000,000+ 0.0 Down7.6 485 in 2017 Q1 4.4 288 in 2017 Q1 Days on market 91 Days to close 36 Total 127 5 days more than 2016 Q1 4.2 Compared to 4.4 in 2016 Q1
3.7 $199,000 San Antonio-New Braunfels MSA $0 - $99,999 8.7 $100,000 - $199,999 41.9 $200,000 - $299,999 28.4 $300,000 - $399,999 11.1 $400,000 - $499,999 5.5 $500,000 - $749,999 3.3 $750,000 - $999,999 0.6 $1,000,000+ 0.6 Down9.5 8,030 in 2017 Q1 4.2 6,611 in 2017 Q1 Days on market 61 Days to close 37 Total 98 9 days less than 2016 Q1 3.0 Compared to 3.6 in 2016 Q1
11 $152,000 Sherman-Denison MSA $0 - $99,999 29.4 $100,000 - $199,999 36.8 $200,000 - $299,999 20.8 $300,000 - $399,999 8.3 $400,000 - $499,999 2.2 $500,000 - $749,999 1.2 $750,000 - $999,999 0.5 $1,000,000+ 0.7 Down1.3 545 in 2017 Q1 4.5 420 in 2017 Q1 Days on market 63 Days to close 34 Total 97 18 days less than 2016 Q1 3.4 Compared to 3.8 in 2016 Q1
5.9 $133,405 Texarkana MSA $0 - $99,999 36.2 $100,000 - $199,999 45.7 $200,000 - $299,999 13.0 $300,000 - $399,999 2.9 $400,000 - $499,999 0.7 $500,000 - $749,999 0.0 $750,000 - $999,999 1.5 $1,000,000+ 0.0 52.4 Down 7.8 925 in 2017 Q1 141 in 2017 Q1 Days on market 104 Days to close 38 Total 142 3 days less than 2016 Q1 15.9 Compared to 9.7 in 2016 Q1
3.4 $175,800 Tyler MSA $0 - $99,999 15.1 $100,000 - $199,999 45.1 $200,000 - $299,999 24.3 $300,000 - $399,999 7.9 $400,000 - $499,999 4.2 $500,000 - $749,999 2.5 $750,000 - $999,999 0.6 $1,000,000+ 0.4 12.1 1,028 in 2017 Q1 7 553 in 2017 Q1 Days on market 101 Days to close 7 Total 108 3 days less than 2016 Q1 4.5 Compared to 4.2 in 2016 Q1
Victoria MSA $159,000 Down0.6 $0 - $99,999 18.0 $100,000 - $199,999 48.8 $200,000 - $299,999 26.2 $300,000 - $399,999 2.9 $400,000 - $499,999 4.1 $500,000 - $749,999 0.0 $750,000 - $999,999 0.0 $1,000,000+ 0.0 6.6 371 in 2017 Q1 Flat 0 173 in 2017 Q1 Days on market 124 Days to close 0 Total 124 36 days more than 2016 Q1 5.5 Compared to 5.3 in 2016 Q1
5.8 $159,200 Waco MSA $0 - $99,999 25.9 $100,000 - $199,999 43.6 $200,000 - $299,999 18.9 $300,000 - $399,999 6.4 $400,000 - $499,999 2.5 $500,000 - $749,999 1.8 $750,000 - $999,999 0.6 $1,000,000+ 0.4 Down20.9 1.3 521 in 2017 Q1 533 in 2017 Q1 Days on market 59 Days to close 37 Total 96 11 days less than 2016 Q1 2.3 Compared to 3.0 in 2016 Q1
1.5 $100,000 Wichita Falls MSA $0 - $99,999 49.9 $100,000 - $199,999 35.3 $200,000 - $299,999 12.5 $300,000 - $399,999 1.4 $400,000 - $499,999 0.6 $500,000 - $749,999 0.3 $750,000 - $999,999 0.0 $1,000,000+ 0.0 21.3 2.3 654 in 2017 Q1 358 in 2017 Q1 Days on market 73 Days to close 33 Total 106 15 days less than 2016 Q1 4.5 Compared to 3.9 in 2016 Q1