Texas condo and townhome sales top $5.4 billion

Condos and townhomes were one of the fastest growing segments of the Texas housing market in 2017. According to the Texas Condominium Sales Report released by the Texas Association of REALTORS®, the condo and townhome market exceeded $5.4 billion in sales between August 2016 and July 2017. Condo sales grew 8.6% and townhome sales grew 5.1% during this time period. “The Texas condominium market has been one of the fastest-growing segments of the housing market this year,” said Vicki Fullerton, chairman of the Texas Association of REALTORS®. “These property types are increasingly preferred among many Texas homebuyers, as they often are less expensive to purchase, require less upkeep and provid

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