Dallas-Fort Worth is still the leader in Texas home sales. But the Austin area is seeing the biggest jump in home purchases, according to the latest report by the Texas Realtors association.

Real estate agents sold almost 102,000 homes in Texas during the second quarter — up 1% from a year earlier.

More than a quarter of home purchases in the state were in the D-FW area.

“While the Texas housing market remained strong in the second quarter, our markets began slowing down in terms of transaction volume coupled with tight housing inventory,” Jim Gaines, chief economist for the Real Estate Center at Texas A&M University, said in the report.

“Statewide, we’re seeing more of a separation in sales activity between large cities compared to medium and smaller cities, due in part to increased population and job growth concentrated in the major markets.

“However, we anticipate home sales growth to remain strong in the third quarter of 2019 as a result of the projected lower interest rates and the continuation of the summer selling season.”

Statewide median home sales prices rose 2.9% from 2018 levels to $245,000.

North Texas real estate agents sold 29,740 homes in the second quarter — up 1.2% from a year earlier. The median price of D-FW homes was a record $280,000, which was 1.9% higher than in the second quarter of 2018, according to the Texas Realtors.

Austin had the highest home prices of the major Texas markets at $325,000. Austin home sales jumped by 4.6% from a year ago, and the inventory of houses on the market fell by 2.9%.

Austin was the only major Texas metro area that saw a decline in home listings. The number of houses for sale in D-FW was up 13.7% from 2018 levels, and inventories grew 12.5% in the Houston area.

Statewide there were 7.5% more homes for sale than in the second quarter of 2018.

“Homebuyers and sellers across the state face different market conditions depending on where they reside,” said Tray Bates, chairman of Texas Realtors. “Factors such as the number of homes for sale and fluctuating home prices affect each real estate market and even each neighborhood differently.”

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