Based on the Association’s article, for Q1 2016 in comparison to 2015, there was a substantial decrease in actual housing inventory and active listings along with the stable increase in residential sales. There was an 11.9% total reduction in listings based on the report. Moreover, the study reveals that the total time spent for sale on the market by active first quarter listings was 64 days (three days lower than first quarter 2015).

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Marcus Hiles – Points Out His Thoughts on the Progressing Home Sales in Texas this Quarter

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