Sales of Pre-owned Homes in Texas Rise 14% over 2nd qtr. 2009!

Texas Association of Realtors reported on August 9, that 2nd qtr. home sales in Texas rose for the third period in a row compared to year-earlier. Pre-owned, single-family home sales were up 14 percent from the 2nd qtr. of 2009.

Collin County sales rose by 11.01% and Denton County sales increased 18.45%.

TAR attributed the increase to the improving Texas economy and an increase in home-buying directly related to the federal tax credits, which expired in April.

”We’re encouraged to see continued strength in Texas’ real estate market as 2010 marches forward,” Texas Association of Realtors chairman Bill Jones said in the report.

Median home sales prices showed only a slight change at $149,200.