Texas The housing market in northern China began to be booming in January 2020, with home sales rising 21% from the same period last year, breaking the previous record in January and the largest annual growth rate in the past four years.
"Dallas Morning News" reported that according to data from Texas A&M Real Estate Center and North Texas Real Estate Information Company, 6,390 houses were sold through real estate agents last month, the largest number of real estate transactions ever in January. The housing market in January is usually quiet.
Texas housing market has begun to be popular this year, and the picture shows a green backyard with grassy grass. (Provided by Lin Liangzi)
Due to low mortgage interest rates, home sales have risen one after another in the past few months, and sales in December last year increased by 15% compared with the same period of the previous year.
House sales in January this year increased significantly compared with the same period last year, which was due to the high interest rate of mortgages in January 2019 and the housing market was suppressed.
mortgage costs began to decline in mid-2019 and have remained at a low level in recent months. "January is a good month for new and second-hand houses, and the performance of the housing market ended very well in 2019, and I hope this will continue in 2020."
In 2019, more than 108,000 detached houses were sold in northern Texas, a record high, up 3% from 2018.
As sales surged in January, the median price of detached houses sold in the region rose 8% from the same period last year, with the increase in house prices in January being more than double the 3% of the year in 2019. "I don't surprise me with a small price increase due to the shortage of second-hand houses at the end of the year. I think the price increase in second-hand houses is mostly due to a significant lack of listed houses under $200,000."
he said, "This will certainly push up the median house price."
Wilson expects strong home sales activity to continue in the coming months.
As home sales were active in January, homes listed by real estate agents in multiple areas decreased by 6%.
survey showed that at the end of January, a total of 26,31 detached houses were listed through more than 20 counties in northern Texas through business owners, which is only enough for the 2.3-month inventory of the housing market.
