Texas Real Estate Summary

The Texas real estate market is experiencing a cooling period.  The rapid growth of the 1980´s and 1990´s has slowed, making Texas´ growth rates comparable to the national average.  Jobs are being created statewide, but unemployment remains around 5%.  The economy is stable, but with job and economic growth slowing, Texas relocation has cooled also.

Overall, the state shows a slight increase in house value.  The average sale price was $175,000, which is 5% higher than the average price in 2005.  Corpus Christi real estate has settled in to an even market.  The number of buyers and sellers is the same, with houses in good supply for all price ranges.  The average sale price for a single-family home is $169,000, and selling after 60 days on the market. 

Austin real estate is faring a little better.  Their average home sale price is $225,000, which is 95% of the asking price.  Houses are on the market for 60-90 days before receiving an offer. 

Texas has a diverse topography that attracts a variety of people.  Baby boomers are retiring to Texas to enjoy the warm, year-round weather and low humidity.  The standard of living remains excellent, even though the growth around the cities of Dallas and San Antonio has cooled.