Texas Real Estate Report: Texas Home Prices for February

Periodically, I like to take a look at the overall home prices for the state of Texas and share the information with you. Whether you’re thinking of buying, selling or refinancing a Texas home, knowing the current market climate can help you make an educated decision when it comes to pricing or paying for a home.

Take a look at the February data we found on Zillow.com:

The median list price for the state of Texas was calculated at $168,500 which showed a 0.9% rise month-over-month. The quarter-over-quarter change was -0.2% and there was no change year-over-year.

Both Dallas-Ft. Worth and Houston metro areas saw an increase in price month-over-month. The median list price for the Dallas-Ft. Worth metro was $177,000 and went up 1.1% month-over-month, 0.6% quarter-over-quarter and also increased 1.4% year-over-year. The median list price for the Houston metro was $169,000 and saw a 1.2% increase month-over-month, no change quarter-over-quarter and decreased -2.0% year-over-year.

Keep in mind, these numbers reflect listing price only, not what the homes actually sell for. Listing prices are the asking price of home sellers and homes typically sell for less than the asking price.

To see more information on other Texas cities, visit Zillow.com and click on “local info.” To get current Texas mortgage rates on a variety of home loan products, call me today at 972-591-3097

I am a mortgage banker with First United Bank Mortgage Company in McKinney who offers home financing assistance throughout the State of Texas. NMLS #119417

Tags: , , ,

Comments are closed.

Skip to toolbar