Existing Homes Sales Report

TEXAS’ EXISTING HOME SALES UP 4 PERCENT

COLLEGE STATION (Real Estate Center) – Sales of existing single-family Texas homes in December were up 4 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.

More than 16,500 homes were sold, data showed. The median home price was $150,700, about the same as a year ago, and the state’s overall inventory was at six months.

December 2011 MLS data for many Texas cities are available on the Center’s website. Here is a sampling (data current as of Jan. 30, 2012):

Sales Change from
Last Year
Median
Price
Change from
Last Year
Months’
Inventory
Austin 1,738 up 11% $188,200 down 2% 4.2
Beaumont 151 up 2% $114,000 down 14% 11.1
Brownsville 39 down 33% $86,800 down 22% 12.4
Dallas 3,315 up 3% $162,800 up 1% 4.7
El Paso 420 down 9% $97,900 down 27% 7
Fort Worth 645 up 5% $112,500 down 6% 5.2
Houston 5,048 up 7% $160,400 up 2% 5.9
Midland 134 up 17% $184,000 down 1% 3.3
San Antonio 1,393 up 3% $148,400 down 6% 6.6
Sherman-
Denison
84 up 22% $96,700 up 3% 8.8
Temple-
Belton
115 up 4% $120,700 down 13% 7.9
Tyler 198 down 5% $130,800 up 1% 11.4
Victoria 74 up 37% $131,100 down 2% 3.8
Waco 153 up 2% $116,200 down 1% 9
Wichita
Falls
81 down 31% $102,300 down 9% 7.6
Texas 16,505 up 4% $150,700 no change 6
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