Real Estate Agents in Texas

Texas real estate has fluctuated over the past few years like other markets in the country but has fared extremely well compared to other parts of the country. Real estate prices vary greatly on the area. Texas has seen major population growth but has been able to maintain relatively affordable housing prices. The most expensive homes in Texas are typically found most often around the Dallas/Ft. Worth, San Antonio, Austin and Houston areas. Furthermore, apart from homes in the Austin area, median home prices still remain below the U.S. median.

Top Ten Most Expensive Cities in Texas

  • Piney Point Village with a median house value of $1.2 million.
  • Westover Hills
  • Highland Park
  • Bunker Hill Village
  • Hunters Creek Village
  • University Park
  • Southside Place
  • Hedwig Village
  • West University Place
  • Olmos Park with a median house value of $620,000.

Texas Home Prices Remain Stable and Affordable
The Real Estate Center at Texas A&M University has studied the Texas real estate market and found that unlike other housing markets, home prices in Texas have remained relatively stable and have steadily appreciated, resulting in the state not having dramatic drops in home values. The National Association of Realtors conducted a study that showed 91 percent of buyers in Texas were not rejected by mortgage lenders in 2008. This fact is usually masked by the perception the public has about lenders and why many assume they cannot get a mortgage due to difficulties buyers have had in other states.

Texas Real Estate Remains a Balanced Market
Between 2004 and 2008, the median sales price in Texas increased $10,900 making homes a good long-term investment. Furthermore, Texas has remained a balanced market with homes selling and prices continuing to increase at a moderate pace with 6.4 months of inventory of homes for sale.

Texas has been able to maintain a stable real estate market due to its strong and diverse economy in industries that are still growing, such as the education and health services, professional and business services, and government industries.Since the economy in Texas has done better than other states', it has a healthy job market with an unemployment rate that continues to remain under the national average. Texas also remains one of the top states to relocate, which helps maintain a stable real estate market.

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