Tag Archives: median home price

July Texas Existing Home Sales Up 18%

COLLEGE STATION (Real Estate Center) – Sales of existing single-family homes
in Texas in July were up 18 percent from a year ago, according to the
most recent Multiple Listing
Services (MLS) data
compiled by the Real Estate Center at Texas A&M
University.

Nearly 19,630 existing single-family homes were sold, data showed.

The median home price was down 1 percent to $153,200, and the
state’s overall inventory was at 7.9 months.

July 2011 MLS data for many Texas cities are available on the Center’s website. Here is a
sampling (data current as of Aug. 29, 2011):

 

Sales

Change from

Last Year

Median

Price

Change from

Last Year

Months’

Inventory

Amarillo

267 up 47% $124,400 down 1% 7.3

Austin

2,178 up 33% $193,900 down 9% 6.5

Brownsville

47 down 11% $91,200 down 15% 13.1

Corpus

Christi

329 up 19% $145,900 up 8% 10

Dallas

4,064 up 21% $165,100 down 2% 7

El Paso

466 up 12% $133,900 down 4% 7.8

Fort Worth

724 up 18% $109,700 down 5% 6.9

Harlingen

65 down 6% $88,300 up 12% 23.6

Houston

5,544 up 17% $159,300 up 1% 7.7

Lubbock

311 up 38% $119,000 up 5% 8

San Angelo

100 up 1% $124,600 up 5% 6.9

San Antonio

1,731 up 11% $155,600 down 4% 8.4

Temple-

Belton

158 up 12% $125,000 up 8% 9.5

Tyler

278 up 9% $139,200 up 3% 14.5

Wichita

Falls

181 up 74% $60,700 down 37% 8.8

Texas

19,628 up 18% $153,200 down 1% 7.9
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Houston Real Estate Milestones

According to Rob Cook, the 2009 MLS Chairman and the Houston Association of Realtors, we met a few milestones back in August and I wanted to share them with you.  The median price for a single-family home rose for the 4th straight month to the 3rd highest level of 2009 ($160,880.00).  The average price of a single-amily home reached its 3rd highest level of the year ($213,396.00).  Month-over-month volume of single-family home sales reached the 3rd highest level of 2009.  Month-over-month volume of townhouse/condominium sales reached the 3rd highest level of 2009.  Month’s inventory of singel-family homes dipped from 6.7 to 6.5 months compared to the national average of 9.4 months.  This is all good news for the housing market that I wanted to share with you as you are making real estate decisions as we head into 2010.

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