From Staff Reports
Texas home sales declined slightly in the third quarter of 2017, according to the 2017-Q3 Texas Quarterly Housing Report released today by the Texas Association of Realtors. This is the first time that Texas home sales have declined on a quarterly basis since the second quarter of 2012.
“As anticipated, the aftermath of Hurricane Harvey has had a significant impact on our state’s housing market this fall, as many Texans were forced to postpone their goals of buying or selling a home in order to deal with devastation in their homes and communities,” said Vicki Fullerton, chairman of the Texas Association of Realtors. “Declines in local market home sales across the state in the third quarter were largely concentrated in regions impacted by Harvey, including the Houston area and local markets along the Texas coast.”