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[New] THE LO DOWN | The Latest Data Releases
Behind The Numbers
Texas experienced its ups and downs throughout 2022 when it comes to the real estate market. As this data from Texas Real Estate Research Center shows, sales volume is down over 20% across the Lone Star State with Austin showing the biggest drop in sales volume at 26.59%.
The Houston market was the most active in closed listings at 85,720. In October, the Houston market remained vibrant with 21,412 listings. It’s part of a U.S. Census metropolitan statistical area with a population of 7.1 million.
San Antonio is the most affordable of the top four markets in Texas with a median closing price of $321,000. Austin’s affordable housing may have improved in part due to much larger inventory. It saw an increase of 226.87% from October 2021 to October 2022.