Existing Home Sales Climb Throughout Texas
Posted by Crystal 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 |
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.
Posted on Monday, December 7th, 2009 at 2:01pm.