austin-tx-sign1-300x198According to recent data, Texas housing inventory continued to drop in the last month, but median asking prices are slightly higher than a year ago.

According to public data released on the 25th of June, the housing inventory for the Lone Star State was calculated at 29,581 single-family and condo homes for sale with the median asking price at $180,000. The inventory represents a -0.7 drop since last month and drop of -18.2% year-over-year. The median asking price remained unchanged since last month but has inched up +0.6% year-over-year.

This is good news for Texas home sellers, as the decreasing inventory is a sign that homes are being sold. For buyers, it may indicate a period of revitalized consumer confidence as low interest rates and expectations of increasing home values spark real estate activity.

To learn more about Texas real estate, speak with a licensed agent in your area. To discover popular mortgage products for Texas home purchasing or refinancing, call The Decker Group today! (972)591-3097