Condo sales on the rise in major Texas metros, report says

by
Jul 28
  • The Mid-Year Sales Report was based on data collected by The Real Estate Center at Texas A&M University to determine statewide and metro-level trends.
  • There were 24.1 percent more active condo listings in Texas in the first half of 2016 than during the same time the previous year. There were 18.2 percent more active townhome listings.
  • Houston's condo market saw growing sales and prices from January to May, while townhomes saw a dip in prices.

The condo market is heating up throughout all four major metro areas in Texas, according to Texas Realtors, and the high demand for the lifestyle associated with condo living is keeping the market competitive. As more millennials and young professionals make headway in the real estate market, the desire to live in a smaller space with access to nightlife and amenities grows stronger, trends show.

In three of the four metros areas in the Lone Star State, condo sales increased in double digits during the first half of 2016, according to the Texas Condominium Mid-Year Sales Report by Texas Realtors.

Article image credited to f11photo / Shutterstock.com