Is now a good time to buy land in the Texas area?
the Texas area is currently a strong buyer's market with 47.3 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
47.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Texline, Texas | ||||||
the Texas area is currently a strong buyer's market with 47.3 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Texas area currently has 47.3 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, the Texas area saw 17,199 properties sold. In just the last 3 months, 3,747 properties changed hands.
There are currently 59,122 active listings in the Texas area. 16,507 new listings have hit the market in the last 90 days. The median asking price is $145K.
Land in the Texas area typically sells within 141 days of listing. The median time on market is 81 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in the Texas area is 2.1%. The 12-month rate is 2.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in the Texas area is 2.1% (3-month basis), indicating slow demand. The top-performing broker in this market is Keller Williams Heritage.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.