The North Texas region continues to enjoy a hot housing market, even as the summer buying season draws to a close, with regional home sales up 16 percent in August, according to recent data from Texas A&M University’s Real Estate Center.
The 16 percent increase was felt on a year-over-year basis and represented existing home sales in North Texas, which spans 29 counties. In those 29 counties, 9,291 homes were sold, which is a slight decline from the number of homes sold in July this year, revealing that the once steaming housing market could be cooling down as summer gives way to fall in North Texas.
On a national level, the National Association of Home Builders released its First American Improving Markets Index for September, which found 291 metro areas that are considered “improving” for the month.
“While there is still plenty of room for growth, this is an excellent indication of how the housing recovery has begun to take hold across more geographic areas,” said NAHB Chairman Rick Judson in a statement.
The August to September increase in improving housing markets was 44, as the index hit its highest level since it started releasing this type of data two years ago.
Going back to North Texas-specific data, through August, 61,964 homes were sold in the area, which is 20 percent higher when compared to the same period of time in 2012. This figure is also staggeringly close to the number of North Texas home sales achieved in all of 2010.
Stephenville is also benefiting from the North Texas housing boom, as it is experiencing much growth and welcoming new residents to its city limits. With a vibrant academic atmosphere, flourishing job market and bountiful home buying opportunities, Stephenville is an ideal place to raise a family and call home.
Contact me today to learn more about Stephenville homes for sale. Whether you’re looking to buy or sell in Stephenville, I can help make the process as smooth as possible and get you on your way.