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Texas condo, townhome sales increase, prices rise

​​​AUSTIN – Both condominium and townhome sales increased year over year in June 2021, according to Texas Realtors’ Texas Condominium Sales Report. 

Condo sales increased 41 percent​ to 17,152 sales, while townhomes grew 36.4 percent to 11,508 sales. 

From June 2019,​ condo and townhome sales increased 30.8 and 30.0 percent, respectively. 

Total dollar volume for condos and townhomes sold in Texas during the year ending June 2021 was $5.07 trillion and $3.42 trillion, respectively. 

Sales price increased for both property types. Statewide, the year-to-date median sales price was $240,000 for condos (24 percent annual increase) and $285,000 for townhomes (18.7 percent increase). 

The average price per sf in June 2021 was $247 for condominiums and $170 for townhomes.​​

Texas condo inventory decreased from 5.1 months in June 2020 to 2.2 months​​​ in June 2021. Townhome inventory fell from 4.2 to two months. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.

Condos spent an average of 48 days on the market in June 2021, down from 71 days. Days on market for townhomes fell from 63 days to 36. ​

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Source: Texas Realtors​​​​

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