AUSTIN – Both condominium and townhome sales fell year over year in June 2020, according to Texas Realtors’ Texas Condominium Sales Report.
Condo sales decreased 9.8 percent to 11,875 sales, while townhomes declined 0.2 percent to 8,616 sales.
Texas condo inventory increased 0.3 months to 5.3 months of inventory. Townhome inventory fell 0.6 months to 4.3 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market.
Total dollar volume for both condos and townhomes sold in Texas during the year ending June 2020 was $5.26 trillion. Dollar volume for condo and townhome sales was $3 trillion and $2.26 trillion, respectively.
Sales price increased moderately for both property types. Statewide, the year-to-date median sales price was $192,000 for condos (1.6 percent annual increase) and $230,000 for townhomes (1.3 percent increase).
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