AUSTIN – Nearly 3.12 million homes were sold in Texas from 2011 to 2010, according to Texas Realtors’ A Decade in Texas Real Estate report.
Last year, 393,618 homes were sold in Texas, an 82 percent increase from the 215,708 homes sold in 2011.
“The Texas housing market thrived during the last decade,” said Dr. Luis Torres, a research economist with the Texas Real Estate Research Center at Texas A&M University. “It expanded at a record pace, achieving consistent home sales growth each year and strong home price growth during the decade.”
Three-quarters of homes sold in the past decade were in the state’s four largest metro areas. Dallas-Fort Worth-Arlington topped the list with 923,528 homes sold.
The median price increased 76 percent from $146,988 at the end of 2011 to $259,188 at the end of 2020. Price per sf increased 69 percent to $141. Total sales dollar volume for the decade hit $806.6 billion.
Days on market dropped 41 percent over the decade from 93 days to 55 days.
Data for the report is provided by Data Relevance Project, a partnership among local Realtor associations and their Multiple Listing Services (MLS), and Texas Realtors, with analysis by the Texas Real Estate Research Center. Real estate sales that occurred outside of one of Texas’ 25 MLSs are not reflected in the report.
The Texas Real Estate Research Center has more housing news online for free: