Existing Home Sales Prices Rise
Posted by Admin SATXProperty on Saturday, July 16th, 2011 at 10:12pm.
TEXAS' EXISTING HOME SALES DROP, PRICES RISE
TEXAS (Real Estate Center, CNNMoney.com) - A total of 22,511 existing homes were sold in Texas last month, a 4.8 percent decline from July 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University. The median price increased 0.6 percent to $153,800 during the same period, and the state finished the month with a 7.4-month inventory of existing homes.
Here is how select Texas cities fared in July (data current as of Aug. 28, 2009):
| Sales |
Change from |
Median Price |
Change from Last Year |
Months' Inventory |
|
| Amarillo | 254 | down 21.6% | $124,600 | up 1.2% | 7.2 |
| Austin | 2,288 | down 0.2% | $189,700 | down 0.6% | 7 |
| College Station-Bryan | 304 | down 15.1% | $151,000 | down 2.3% | 6.8 |
| Dallas | 4,815 | down 6% | $164,800 | up 0.8% | 6.5 |
| El Paso | 478 | down 4.8% | $135,200 | down 2.4% | 9.1 |
| Fort Worth | 840 | down 12.3% | $118,700 | down 1.1% | 6.6 |
| Harlingen | 78 | up 20% | $95,000 | up 13.6% | 28.7 |
| Houston | 6,393 | down 4.8% | $161,900 | up 1.3% | 6.8 |
| Killeen-Fort Hood | 257 | down 6.2% | $124,800 | down 0.9% | 10 |
| Laredo | 91 | up 11% | $122,800 | up 2.3% | 9 |
| Lubbock | 348 | up 0.9% | $110,300 | up 0.3% | 5.5 |
| Palestine | 21 | down 16% | $102,500 | down 2.4% | 10.1 |
| San Angelo | 125 | down 5.3 % | $121,700 | up 10.6% | 5.6 |
| San Antonio | 2,040 | up 7.9% | $156,900 | up 2.3% | 8.4 |
| Waco | 213 | down 14.5% | $114,600 | down 1.4% | 8.4 |
Additional home sales data for these and other major Texas cities are available on the Center's website.
Nationally, sales of existing single-family homes last month were up 5 percent from July 2008, according to the National Association of Realtors.
Real Estate Center Online News August 28, 2009 Copyright 2009. All rights reserved. Material herein is published according to the fair-use doctrine of U.S. copyright laws related to non-profit, educational institutions. Items attributed to sources other than the Real Estate Center at Texas A&M University should not be reprinted without permission of the original source.
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