2020 - Texas Real Estate

[Pages:78]Texas

2020

Texas by the numbers*

4-YEAR COMPARISON HOME SALES VOLUME VS. MEDIAN PRICE

$259,230

UP 8% from 2019

393,615

UP 9.5% from 2019

79,503

DOWN 22.1% from 2019

1.7

Compared to 3.0 in 2019

MONTHLY AVERAGE MORTGAGE INTEREST RATES

55

4 days less than 2019

$128.74

UP 6.2% from 2019

* Data includes new and existing home sales.

Source: Freddie Mac Primary Mortgage Market Survey? (PMMS?). ?2021, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2020 BY PRICE CLASS

$64,034 TEXAS

Texas

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

4.6% 22.9% 34.5% 18.3%

8.7% 7.3% 2.0% 1.8%

The median price per square foot in Texas has increased 23.2% since 2016.

Dallas-Fort Worth-Arlington MSA

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

1.4% 14.3% 36.8% 23.1% 11.2%

8.8% 2.3% 2.1%

Houston-The Woodlands-Sugar Land MSA

$0 - $99,999 2.6%

$100,000 - $199,999

22.0%

$200,000 - $299,999

37.3%

$300,000 - $399,999

18.7%

$400,000 - $499,999 8.4%

$500,000 - $749,999 7.0%

$750,000 - $999,999 1.9%

$1,000,000+ 2.1%

The availability of homes priced under $200,000 has decreased 19.2% since 2016.

Austin-Round Rock MSA

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

0.2% 4.6%

33.0% 24.9% 14.1% 14.7% 4.3% 4.3%

San Antonio-New Braunfels MSA

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

2.7% 23.7% 40.8%

16.8% 7.9% 5.8% 1.3% 0.9%

Unless otherwise specified, data for this report is provided by the Data Relevance Project, a partnership among Texas REALTORS? and local REALTOR? associations throughout the state. Data analysis is provided by the Texas Real Estate Research Center.

NEW HOME CONSTRUCTION & APARTMENTS

Texas

128,331

NEW HOMES SOLD IN 2020

153,428

NEW BUILDING PERMITS ISSUED IN 2020

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

Data can be affected by timeliness of reporting by governmental entities. Apartment and vacancy data provided by Moody's Analytics ?2021 Moody's Analytics, Inc. Under construction and deed transfer data provided by Zonda ?2021 Zonda.

Abilene Metropolitan Statistical Area

2020

Abilene MSA by the numbers*

4-YEAR COMPARISON HOME SALES VOLUME VS. MEDIAN PRICE

$188,950

UP 9.2% from 2019

2,715

UP 13.8% from 2019

538

DOWN 16.6% from 2019

1.6

Compared to 3.0 in 2019

MONTHLY AVERAGE MORTGAGE INTEREST RATES

54

3 days less than 2019

$110.24

UP 7.5% from 2019

* Data includes new and existing home sales.

Source: Freddie Mac Primary Mortgage Market Survey? (PMMS?). ?2021, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2020 BY PRICE CLASS

$54,808 ABILENE

Abilene MSA

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

12.9% 43.0%

29.5% 9.6% 3.2% 1.5% 0.2% 0.1%

The median price per square foot in Abilene has increased 23.5% since 2016.

Taylor County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

10.5% 43.1%

30.8% 10.2% 3.5% 1.7% 0.2% 0.1%

Callahan County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

26.1% 45.8%

21.6% 5.9% 0.7% 0.0% 0.0% 0.0%

The availability of homes priced under $200,000 has decreased 16.1% since 2016.

Jones County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

39.1% 39.0% 16.4% 3.4% 1.4% 0.7% 0.0% 0.0%

Runnels County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

43.6% 33.3% 18.0% 5.1% 0.0% 0.0% 0.0% 0.0%

Unless otherwise specified, data for this report is provided by the Data Relevance Project, a partnership among Texas REALTORS? and local REALTOR? associations throughout the state. Data analysis is provided by the Texas Real Estate Research Center.

NEW HOME CONSTRUCTION & APARTMENTS

Abilene

381

NEW HOMES SOLD IN 2020

441

NEW BUILDING PERMITS ISSUED IN 2020

* Includes single family and 2-4 units.

APARTMENT RENT & VACANCY RATES

Data can be affected by timeliness of reporting by governmental entities. Apartment and vacancy data provided by Moody's Analytics ?2021 Moody's Analytics, Inc. Under construction and deed transfer data provided by Zonda ?2021 Zonda.

Amarillo Metropolitan Statistical Area

2020

Amarillo MSA by the numbers*

4-YEAR COMPARISON HOME SALES VOLUME VS. MEDIAN PRICE

$192,500

UP 11.9% from 2019

3,630

UP 5.7% from 2019

686

DOWN 35.3% from 2019

1.5

Compared to 3.0 in 2019

MONTHLY AVERAGE MORTGAGE INTEREST RATES

48

7 days less than 2019

$108.87

UP 6.3% from 2019

* Data includes new and existing home sales.

Source: Freddie Mac Primary Mortgage Market Survey? (PMMS?). ?2021, Freddie Mac. Averages are for conforming mortgages with 20% down.

PERCENT OF HOMES SOLD IN 2020 BY PRICE CLASS

$53,510 AMARILLO

Amarillo MSA

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

10.8% 42.6%

26.8% 11.8% 4.4% 2.6% 0.6% 0.4%

The median price per square foot in Amarillo has increased 17.0% since 2016.

Randall County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

4.6% 43.3%

31.2% 12.0% 4.7% 3.2% 0.7% 0.4%

Potter County

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

24.5% 39.9%

17.4% 11.9% 3.9% 1.5% 0.5% 0.4%

The availability of homes priced under $200,000 has decreased 15.0% since 2016.

Texas

$0 - $99,999 $100,000 - $199,999 $200,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999

$1,000,000+

4.6% 22.9% 34.5% 18.3%

8.7% 7.3% 2.0% 1.8%

Unless otherwise specified, data for this report is provided by the Data Relevance Project, a partnership among Texas REALTORS? and local REALTOR? associations throughout the state. Data analysis is provided by the Texas Real Estate Research Center.

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