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Latest figures encouraging news for Abilene home sales

Published On: May 03 2013 05:23:42 PM CDT
Updated On: May 03 2013 11:32:51 PM CDT
New home sales

John R. Coughlin/CNNMoney.com

ABILENE, Texas -

Encouraging new numbers are out for home sellers.

The Texas Association of Realtors released their first quarterly housing report for 2013.

In summary, the numbers from the association suggest prices are rising and available homes are selling faster. Association leaders say it's due to Texas' job growth causing an increase in the population.

According to the report, 53,937 homes were sold in Texas during the first three months of 2013 -- a 17.53 percent increase from the same time period in 2012.   

According to the Real Estate Center at Texas A&M University in Abilene, 428 homes were sold so far this year -- an increase of 4.64 percent over this same period last year.

The center says the average price of a home in Abilene is $122,109.

For more information on local real estate markets , the Real Estate Center at Texas A&M has their information here:

http://www.recenter.tamu.edu/data/hs/

For more information on the quarterly housing report, the Texas Association of Realtors' data can be found HERE.