Existing Home Sales Climb Throughout Texas

Posted by Jim Olenbush on Tuesday, November 24th, 2009 at 4:19pm.

News just in from the Texas Real Estate Center – A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.

The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.

Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):

  Sales

Change from
Last Year

Median
Price
Change from
Last Year
Months'
Inventory
Abilene 163 up 41% $97,700 down 26% 5.5
Austin 1,993 up 38% $179,800 down 5%  6.1
Dallas 4,146 up 12% $153,000 down 1%  6
Fort Worth 833 up 8% $112,300 no change 6.5
Houston 5,388 up 14% $148,000 up 4% 6.4
Longview-Marshall 176 down 6%  $121,500 up 2% 8.9
McAllen 188 down 3%  $101,500 down 7% 13.6
Midland 121 down 6% $165,500 down 3%  1.8
San Antonio 1,760 up 24% $138,600 down 4%  7.7
San Marcos 14 up 27%  $150,000 up 5%  9.1
Texas 19,347 up 15% $143,300 up 1% 6.9

Additional home sales data for these and other major Texas cities are available on the Center's website.

At the national level, the National Association of Realtors reported this week that single-family home sales rose 9.7 percent to a seasonally adjusted annual rate of 5.33 million in October from a pace of 4.86 million in September. That was 21.4 percent above the October 2008 pace. The median price was $173,100 in October, down 6.8 percent from a year ago.

 


2 Responses to " Existing Home Sales Climb Throughout Texas"

Anthony Hatzopoulos wrote:
That's quite interesting. By the way, love the new blog look : )

Posted on Monday, December 7th, 2009 at 2:01pm.

Logan wrote:
We're seeing the same kind of year over year improvements in Utah. I wonder how much of it is because of the first time buyer tax credit supposed extension...

Posted on Monday, December 7th, 2009 at 11:09pm.



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