Based on the article of the Association, while Q1 2016 is the time when residential sales were on the rise, it has been also time of the year when actual housing inventory and active listings have greatly decreased. Report shows that 11.9% of the listings were reduced. Moreover, the study mentions that the sale of active first quarter listings only happened after 64 days on average, which is three days down from Q1 2015.

Read more:
http://www.marketwatch.com/story/marcus-hiles—-responds-to-texas-jump-in-home-sales-this-quarter-2016-07-07

Marcus Hiles – Expresses His Thoughts on the Information Regarding this Quarter’s Rising Texas Home Sales

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